UK and US fine Lloyds group £218m for manipulating the Libor rate

Wednesday, July 30th 2014 - 07:45 UTC

Full article 4 comments

Lloyds Banking Group has been fined £218m for “serious misconduct” over some key interest rates set in London. The group manipulated the London interbank offered rate (Libor) for yen and sterling and tried to rig the rate for yen, sterling and the US dollar, said the US legal order. Read full article

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ElaineB
Good @ the headline.
Jul 30th, 2014 - 08:38 am - Link - Report abuse 0
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The Voice
It would be more effective to fine the individual banksters involved and their immediate bosses and get them dismissed and barred from the financial services industry.
Jul 30th, 2014 - 09:00 am - Link - Report abuse 0
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Tobers
This cant be right. Only Argentina is capable of this kind of corruption.
Jul 30th, 2014 - 02:08 pm - Link - Report abuse 0
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ilsen
Well at least these crooks are caught and punished. In some countries they would be elected!
I am happy to see them punished and will not defend them.
Jul 30th, 2014 - 09:00 pm - Link - Report abuse 0
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