Violation Tracker Individual Record

Company: 
Lloyds Banking Group plc
Current Parent Company: 
Lloyds Banking Group
Penalty: 
$86,000,000
Year: 
2014
Date: 
July 28, 2014
Offense Group: 
competition-related offenses
Primary Offense: 
interest rate benchmark manipulation
Violation Description: 

Lloyds Banking Group plc entered into an agreement with the Department of Justice to pay an $86 million penalty for manipulation of submissions for the London InterBank Offered Rate (LIBOR), a leading global benchmark interest rate.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Justice Department Criminal Division
Civil or Criminal Case: 
criminal
Prosecution Agreement: 
deferred prosecution agreement
HQ Country of Parent: 
United Kingdom
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.