UK:
Bank Of England Publishes Statement On Enforcement Action Against Lloyds Bank PLC And Bank Of Scotland PLC
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On July 28, the Bank of England published a statement on
Financial Conduct Authority enforcement action against Lloyds Bank
PLC and Bank of Scotland PLC. The statement notes that Lloyds
Banking Group has paid the Bank of England £7.76 million as
compensation for a reduction in fees received by the Bank of
England as a result of the manipulation of submissions to the BBA
GBP Repo Rate by Lloyds Bank PLC and Bank of Scotland PLC. Statement.
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