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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