07/12/2012 02:04 pm ET

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 more on The Telegraph