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:
Britain
Ownership Structure of Parent:
publicly traded
Major Industry of Parent:
financial services
Specific Industry of Parent:
banking
Source of Data:
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.
