July 27, 2012

British bank Lloyds gets Libor subpoenas

(Reuters) - Britain's Lloyds Banking Group has received subpoenas from government agencies investigating a global interest rate rigging scandal that has rocked the banking industry and has not set any money aside to cover a potential fine, it said on Thursday.

Rival Barclays has been thrown into turmoil after being fined a record $453 million by U.S. and UK authorities for manipulating Libor interest rates. More than a dozen other banks are also being investigated and more fines are expected. Read more.


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