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LYG Lloyds Banking Group Plc

2.84
0.02 (0.71%)
21 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Lloyds Banking Group Plc NYSE:LYG NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.02 0.71% 2.84 2.84 2.81 2.82 8,268,893 01:00:00

Lloyds to Pay Up to GBP300 Million in Fines Over Libor Allegations -FT

24/07/2014 9:55pm

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Lloyds Banking (NYSE:LYG)
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The U.K's Lloyds Banking Group PLC (LLOY.LN) next week is expected to announce it will pay up to GBP300 million to regulators in the U.K. and U.S. over allegations it manipulated a key interest rate benchmark, the Financial Times reported Thursday on its website, citing three people familiar with the situation.

An announcement from the bank, accused of manipulating the London interbank offered rate, or Libor, is expected to come before it discloses six-month financial results on Thursday, the FT reported. The report did not break down the amount of payments to each country's regulator.

Lloyd's payment could range from GBP200 million to GBP300 million, the FT reported.

Website: www.ft.com

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