[arista]

Lloyds Risks Criminal Action For Fee Fixing


[The Bank of England (BoE) governor has
warned Lloyds Banking Group that
"clearly unlawful" conduct over fee
manipulation may amount to criminal conduct.
In a letter dated July 15, Mark Carney
told Lloyds chairman Lord Blackwell
that attempts to reduce fees payable
to the BoE under the special liquidity
scheme (SLS) were "reprehensible".
Mr Carney said: "Such manipulation
is highly reprehensible, clearly unlawful
and may amount to criminal conduct
on the part of the individuals involved."
The revelation of potential criminal action
comes as Lloyds was fined £218m
by UK and US regulators
over manipulation
of the Libor benchmark,
along with a £7.76m compensation
figure to the BoE over the now-defunct SLS.
The UK regulator, the Financial Conduct
Authority (FCA), fined Lloyds £105m,
while the US Commodity Futures Trading Commission
(CFTC) fined Lloyds £62m and
the US Department of Justice penalty was £51m.]


http://news.sky.com/story/1308901/ll...for-fee-fixing

[the truth]

no one ever goes to jail for corporate corruption despite the multi trillion banking collapse. it simply underlines how incredibly corrupt this country and the US is. democracy lol the tax payers have socialized the bankers losses but the bankers still keep their private profits. exactly the same is happening with the railways. we pay £60 million on the infrastructure, the private shareholders cream the profts. VAT the same. its an enslavement tax on the poor and the mps never even discuss it. theso called party of small businesses the tories ha ha ha ha ha ha ha put it up 5% within days of moving into office. thats %5 on almost everything all fuel, hoursehold bills, most foods, holidays if you can afford them, car bills etc etc and buries small businesses further into the ground

[arista]