LLOYDS DISMISSES EIGHT STAFF OVER LIBOR (STA BREAKING NEWS and ARCHIVES)

by STANews , Monday, September 29, 2014, 13:05

Lloyds Banking Group has dismissed eight staff members following an investigation into the manipulation of some key interest rates set in London.

The move follows the bank's £218m fine in July for "serious misconduct" over the setting of Libor.

Chair Lord Blackwell said the actions of those responsible for the misconduct were "completely unacceptable".

Lloyds, which is 24.9% owned by the government, said the individuals had also forfeited £3m in unpaid bonuses.

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http://www.bbc.com/news/business-29410742