Lloyds has become the latest bank to fall foul of US and UK regulators
Lloyds Banking Group has been fined a total of £218m
by various regulators for its role in manipulating the London
Interbank Offering Rate (Libor), one of the
world’s key interest rate benchmarks.
The cross-border fine includes $105m (£62m) from the
US derivatives regulator, the Commodity Futures Trading
Commission (CFTC), $86m (£51m) from the US Department of
Justice, and £105m from the UK Financial Conduct
Authority (FCA), making the third largest ever joint fine from
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