Lloyds

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"Reprehensible" Lloyds Bank Agrees To $105 Million Wristslap For Manipulating Libor





That will teach them! Having received full credit for for co-operation and suspending some individuals, Lloyds Bank has been fined the staggeringly wrist-slap-like sum of $105 million for the "manipulation, attempted manipulation, and false reporting of Libor." As WSJ reports, the British bank becomes the seventh financial institution to strike a deal with U.S. and U.K. authorities who are conducting a long running probe into allegations of widespread attempts to manipulate Libor. With no less than the head of the Bank of England calling the bank's actions (mainpulating JPY Libor for at least 2 years) "reprehensible," and the CFTC adds individuals bevahior was a "gross breach of trust." Well we are sure after this they will never manipulate another market ever again...

 
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Frontrunning: July 25





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Frontrunning: July 16





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Frontrunning: June 20





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Frontrunning: June 9





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Frontrunning: May 29





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Frontrunning: May 27





  • Vietnam, China trade accusations after Vietnamese fishing boat sinks (Reuters)
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