Company News



Carney Calls Lloyds ‘Reprehensible’ For Rate Manipulation

Lloyds Banking Group Plc (LLOY)’s manipulation of key interest rates was branded “reprehensible” by Bank of England Governor Mark Carney as the lender agreed to pay 226 million pounds ($383 million) in fines and redress . . .

http://www.bloomberg.com/news/2014-07-28/carney-calls-lloyds-reprehensible-for-rate-manipulation.html



Lloyds Banking Group fined £105m for serious LIBOR and other benchmark failings

The Financial Conduct Authority (FCA) has fined Lloyds Bank plc (Lloyds) and Bank of Scotland plc (BoS), both part of Lloyds Banking Group (LBG), £105 million for serious misconduct relating to the Special Liquidity Scheme (SLS), the Repo Rate benchmark and the London Interbank Offered Rate (LIBOR) . . .

http://www.fca.org.uk/news/press-releases/lloyds-banking-group-fined-105m-libor-benchmark-failings



Banks accused of rigging silver price

Deutsche Bank, HSBC and Bank of Nova Scotia have been accused of attempting to rig the price of silver, in a lawsuit filed in the US . . .

http://www.bbc.co.uk/news/business-28509979#



Bank of England and business at odds over rate rise

Bank of England officials are still concerned by the UK economy’s weakness while business leaders have urged that the “time has come” to raise rates . . .

http://www.bbc.co.uk/news/business-28437532#



U.K. SFO Said Close to Opening FX-Rigging Investigation

U.K. prosecutors are preparing to open a criminal investigation into alleged manipulation of foreign-exchange benchmarks, a person with knowledge of the matter said. . .

http://www.bloomberg.com/news/2014-07-20/uk-sfo-said-close-to-opening-fx-rigging-investigation.html