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CFTC Charges Lloyds Banking Group and Lloyds Bank with Manipulation, Attempted Manipulation, and False Reporting of LIBOR

CFTC Charges Lloyds Banking Group and Lloyds Bank with Manipulation, Attempted Manipulation, and False Reporting of LIBOR

5 Years ago | July 28, 2014 00:00:00


As another bank gets charged with manipulating LIBOR, it is one more nail in the coffin of what had long been a cash cow for banks. It remains to be seen whether this increases or decreases volatility around interbank fixing times but in any case, bank traders will no longer be able to manipulate the market around these times.

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