Lloyds Bank Settles With US, UK Over Market Fixing - Presented by: The Aol. On Network

Lloyds Banking Group says it will pay $400 million to U.S. and British authorities to settle allegations it manipulated benchmark interest rates. The group said Monday it has settled with British and U.S. authorities over the rigging of the London Interbank Offered Rate or LIBOR, the latest financial institution to do so. The settlement also dealt with the manipulation of re-purchase agreements.



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