• Must provide evidence to regulators investigating manipulation of Libor rates
  • At least 15 financial institutions including RBS and HSBC are being probed

Lloyds has been dragged deeper into the rate-rigging scandal that threatens to engulf the banking industry. The state-backed bank – which has more than 30million UK customers – yesterday admitted it had been forced to provide evidence to regulators investigating the manipulation of the crucial Libor rates that help set mortgages. The revelation raises the prospect that taxpayers could be on the hook for yet another compensation bill. Analysts at Liberum Capital suggest the bank may have to settle claims of £1.5billion.....Read more here: State-backed-Lloyds-quizzed-rate-rigging-bank-dragged-deeper-scandal

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Barclays fined for attempts to manipulate key bank rates - allaboutFORUMS

Sacked RBS trader accused bank chiefs of colluding with staff to rig interest rates - allaboutFORUMS

HSBC joins hall of shame after revealing it is to be fined $1bn for money laundering offences - allaboutFORUMS