Lloyds Bank Could Be Fined $1.5 Billion For Libor Manipulation
Lloyds Banking Group could have to pay out more than £1bn over claims it was involved in the manipulation of Libor, according to City analysts.
In a note to clients this morning, analysts at broker Liberum Capital warned the market reaction to Lloyds’ potential exposure had been “too sanguine” and said the bank could face having to pay out at least £1.5bn.
Read the whole story at The Telegraph
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Richard Lloyd: The Chancellor Must Stand Firm on Banking Reform Amid Intense Bank Lobbying
We've recently seen a series of u-turns from the chancellor on Budget measures including the controversial pasty, caravan and charities taxes. George Osborne says he is now focused on the biggest things that matter to the economy. Ahead of his annual Mansion House speech and the expected publication of the White Paper on the Banking Reform Bill on 14 June, we are calling on the government to stand firm on its banking reform commitments. Consumers should never again have to foot the bill for a banking collapse that required a bailout to the tune of £2000 for every man, woman and child. Without strong action that shakes up the culture of British banking, we will all continue to pay the price.
Lord Andrew Lloyd Webber: English Heritage Angel Awards
Before I discovered musical theatre, my earliest passion was architecture. It started with ruined castles and abbeys, soon included churches, and eventually architecture of any sort. My love of architecture has never dimmed, which explains why one unusually beautiful day last summer, I found myself among 300 or so other guests at St John's Smith Square in Westminster, invited by English Heritage to hear the results of its research into the condition of the country's historic places of worship - and, importantly, to celebrate all those who do so much to save these much loved buildings from irreversible decay.
Filed by James Sunshine