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Stock Market & Financial Investment News

News Breaks
July 28, 2014
08:38 EDTLYGLloyds agrees to settlements with CFTC, DOJ, FCA over LIBOR rigging charges
The U.S. Commodity Futures Trading Commission issued an Order against Lloyds Banking bringing and settling charges for acts of false reporting and attempted manipulation of the London Interbank Offered Rate for Sterling, U.S. Dollar, and Yen committed by employees of Lloyds TSB and HBOS plc, which was acquired by Lloyds Banking Group in January 2009. The Order finds that, in a few instances, Lloyds TSB was successful in its manipulation of Sterling LIBOR and Yen LIBOR. The CFTC also brought and settled charges that Lloyds TSB, at times, aided and abetted the attempts of derivatives traders at Rabobank to manipulate Yen LIBOR. The Order requires Lloyds Banking Group and Lloyds Bank to pay a $105M civil monetary penalty, cease and desist from their violations of the Commodity Exchange Act, and to adhere to specific undertakings to ensure the integrity of LIBOR submissions in the future. In a related action, the U.S. Department of Justice entered into a deferred prosecution agreement with Lloyds Banking Group, deferring criminal wire fraud charges in exchange for Lloyds Banking Group continuing to cooperate and agreeing to an $86M penalty. In addition, the United Kingdom Financial Conduct Authority issued a Final Notice regarding its enforcement action against Lloyds Bank and Bank of Scotland plc and imposed collectively on both firms a penalty of approximately $179M.
News For LYG From The Last 14 Days
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January 27, 2015
06:52 EDTLYGEuropean Central Bank raises capital requirements for banks, WSJ says
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January 20, 2015
07:30 EDTLYGU.K. banks see Bitcoin as threat to sterling, boon to terrorists, Telegraph says
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January 16, 2015
10:06 EDTLYGHigh option volume stocks
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January 15, 2015
06:42 EDTLYGECB most likely will unveil bond buying program, NY Times says
The European Central Bank is "all but certain" to announce at its next meeting that it will buy government bonds, according to The New York Times. But the ECB may announce that it will buy bonds but say that it will only provide details about the program in March, some believe, the newspaper reported. Some economists contend that the initiative could be a case of "too little, too late," The Times added. Publicly traded European banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), RBS (RBS) and UBS (UBS). Reference Link
January 14, 2015
06:44 EDTLYGTop court official backs ECB bond buying, NY Times reports
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