Category Archives: Banking

Russia takes defiant stance in face of tough EU and US sanctions

Russian officials say focus will shift to domestic market production, but analysts say defence and oil industries will suffer Continue reading…
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Posted in Banking, Barack Obama, BP, Europe, European Union, Oil, Russia, United States, Vladimir Putin, World news | Comments Off

Lloyds Banking Group confirms Libor-rigging settlement is close

Bailed-out bank says it is in late-stage talks over final amount of fine to be paid to Financial Conduct Authority and US regulators

Lloyds Banking Group is close to reaching a settlement with regulators over how much it should pay out for its role in the Libor-rigging scandal, the bailed-out bank has confirmed for the first time.

In a statement published on Friday, Lloyds said it was in “late-stage” talks over the sum, but insisted it had not yet agreed on a final figure.

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Posted in Banking, Business, Financial Conduct Authority, Libor, Lloyds Banking Group, Regulators, Top News, UK news, World news | Comments Off

Lloyds Banking Group faces fine of up to £300m over Libor rigging

Bailed-out bank is latest firm penalised by regulator the Financial Conduct Authority over rigging benchmark interest rateBailed-out Lloyds Banking Group appears poised to become the latest financial firm to be penalised for rigging Libor and is said t…
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Posted in Banking, Barclays, Business, European banks, Financial Conduct Authority, ICAP, Libor, Lloyds Banking Group, Regulators, Royal Bank of Scotland, UBS, World news | Comments Off