Lloyds libor scandal

• Lloyds Banking Group could have to pay out more than £1bn over claims it was involved in the manipulation of Libor, according to City analysts.
(Huffington Post)
• LLOYDS Banking Group faces a £1.5 billion hit over claims it was involved in manipulating the London Interbank Offered Rate (Libor), an analyst has warned.
(Herald Scotland)
• Lloyds Action Now (LAN) has instructed its lawyers to incorporate the allegation that Lloyds TSB directors knew that HBOSs real interest rates were not being quoted at the time they recommended the merger.
(ifaonline.co.uk)
• Angry Lloyds shareholders say the Libor scandal is more proof they were mislead into voting to take over HBOS.
(myintroducer.com)
• Grant Shapps said that the scandal may have been a consumers and investors. RBS and Lloyds Banking Group are among other banks also facing investigation over their role in fixing the rate, known as Libor.
(Daily Telegraph)
• It is building into a scandal that could tear down now using to pursue the case. RBS, HSBC, Lloyds Banking Group, Citigroup, Deutsche Bank - every global financial institution of note is caught up in the Libor affair to a greater or lesser extent.
(Gulf News)
• The Royal Bank of Canada is among the major international banks that help set the Libor by submitting to authorities JP Morgan Chase, and Lloyds. Fears that the scandal could reach beyond Barclays were heightened Friday when the U.K.
(Toronto Star)
• The Lloyds Action Now (LAN) group, which has been campaigning for compensation for 800,000 private shareholders, has claimed the Libor scandal is more proof that they were misled into voting to take over Halifax Bank of Scotland.
(ftadviser.com)
• Lloyds Banking Group has escaped relatively lightly in recent days, as the libor scandal rages around the banking sector. But that could be about to change, reckons analyst Cormac Leech at Liberum Capital who has switched his recommendation from buy to sell.
(The Guardian)