SocGen Agrees to Pay $1.3 Billion to Settle Libya, Libor Probes

• Bank says penalties to be paid already covered by provisions • Agreement in principle reached with U.S. and French regulators

Societe Generale SA will pay about $1.3 billion to resolve a probe into the bribery of Libyan officials and settle a U.S. investigation into interest-rate manipulation, drawing a line under two of the French bank’s biggest legal headaches.

SocGen will pay $585 million to resolve charges with U.S. and French law enforcement agencies related to the Libya investigation and $275 million for violations arising from helping rig the London InterBank Offered Rate. The bank will also pay about $475 million to the ...