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Lloyds Entities Penalized for LIBOR Schemes

July 29, 2014 by Louis Chunovic

CFTC officials have charged Lloyds Banking Group plc and Lloyds Bank plc (formerly known as Lloyds TSB Bank plc) with “serious misconduct,” including the “manipulation, attempted manipulation, and false reporting of LIBOR.” In response, the two Lloyds entities have agreed to “pay a $105 million civil monetary penalty, [to] cease and desist from their violations… Read More >>

Filed Under: AML/Fraud/Financial Crime, Regulation & Compliance Tagged With: CFTC, LIBOR, Lloyds Bank, Lloyds Banking Group

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