Lloyds fine of £217m could be dwarfed by the value of civil claims against the bank
It was announced on 29 July 2014 by the Financial Conduct Authority (FCA) that Lloyds Banking Group has agreed to pay a total of £217m in fines to regulators in the UK and the US for their part in rigging sterling Libor submissions, and for other acts of wrongdoing including manipulating the measure used to calculate the level of payment it was required to make to the Bank of England for their participation in the government-backed Special Liquidity Scheme (SLS)…
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