Basic Search  |  Summaries  |  Advanced SearchPenalty: £105,000,000
Year: 2014
Date: 28 July, 2014
Offence Group: competition-related offences
Offence Type: interest rate benchmark manipulation
Violation Description: Lloyds Bank and Bank of Scotland paid £105 million in settlement of a finding by the FCA that the companies manipulated both LIBOR and the SLS Spread, the figure used to calculate fees paid to the Bank of England by the companies benefiting from the Special Liquidity Scheme during the 2008 financial crisis.
Action Type: agency action
Settlement Type: settlement of FCA Decision
Agency: Financial Conduct Authority
HQ Country of Parent: United Kingdom
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: banking
Source of Data: (click here)