{"id":5643,"date":"2014-07-25T00:00:00","date_gmt":"2014-07-25T05:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2014\/07\/lloyds_could_pay_over_500m_to"},"modified":"2022-05-06T10:54:56","modified_gmt":"2022-05-06T15:54:56","slug":"lloyds-could-pay-over-500m-to","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/lloyds-could-pay-over-500m-to\/","title":{"rendered":"Lloyds Could Pay Over $500M To Settle LIBOR Rigging Allegations"},"content":{"rendered":"

According to the Financial Times, Lloyds Banking Group (LYG) is expected to soon announce that it has agreed to pay up to $509M to settle London Interbank Offered Rate rigging allegations. The settlement would include moneys to be paid to UK\u2019s Financial Conduct Authority and The U.S.\u2019s Commodity Futures Trading Commission and Department of Justice.<\/p>\n

The British bank is just one of a number of financial institutions accused of manipulating major interest rate benchmarks. Lloyds belonged to the panel that turned in rates to yen-Libor and was a member of dollar-Libor, euro-denominated Libor, and sterling Libor panels.<\/p>\n

Several authorities around the world have been probing numerous entities over allegations that traders colluded to gather to benefit their own trading books while their employers benefited from giving off an inflated impression of their actual financial health. Other banks that have settled include UBS (UBS)<\/a>, Barclays (BARC), Royal Bank of Scotland (RBS), ICAP, RP Martin, and Rabobank.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

According to the Financial Times, Lloyds Banking Group (LYG) is expected to soon announce that it has agreed to pay up to $509M to settle London Interbank Offered Rate rigging allegations. The settlement would include moneys to be paid to UK\u2019s Financial Conduct Authority and The U.S.\u2019s Commodity Futures Trading Commission and Department of Justice. […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3752,4027],"tags":[],"class_list":["post-5643","post","type-post","status-publish","format-standard","hentry","category-financial-firms","category-libor-scandal"],"yoast_head":"\nLloyds Could Pay Over $500M To Settle LIBOR Rigging Allegations — Investor Lawyers Blog — July 25, 2014<\/title>\n<meta name=\"description\" content=\"According to the Financial Times, Lloyds Banking Group (LYG) is expected to soon announce that it has agreed to pay up to $509M to settle London Interbank — July 25, 2014\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/lloyds-could-pay-over-500m-to\/\" \/>\n<meta name=\"twitter:card\" 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