Lloyds to Pay Up to GBP300 Million in Fines Over Libor Allegations -FT
July 24 2014 - 3:55PM
Dow Jones News
The U.K's Lloyds Banking Group PLC (LLOY.LN) next week is
expected to announce it will pay up to GBP300 million to regulators
in the U.K. and U.S. over allegations it manipulated a key interest
rate benchmark, the Financial Times reported Thursday on its
website, citing three people familiar with the situation.
An announcement from the bank, accused of manipulating the
London interbank offered rate, or Libor, is expected to come before
it discloses six-month financial results on Thursday, the FT
reported. The report did not break down the amount of payments to
each country's regulator.
Lloyd's payment could range from GBP200 million to GBP300
million, the FT reported.
Website: www.ft.com
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