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Britain's Lloyds Bank expects fine over Libor

Source: Channel News Asia

LONDON: Britain's Lloyds Banking Group said on Friday that it expects to be fined for its role in the Libor rate-rigging scandal.LBG said in statement that it had noted media coverage regarding potential settlements with a number of government agencies "around the setting of Interbank Offered Rates and other benchmarks". Next week, Lloyds Banking Group is expected to announce it is paying fines of up to 300m (US ...
Full article at: Channel News Asia 6 days ago, 5:38am CDT
 


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