How Lloyds Banking Group PLC Ripped Off The Bank Of England

Lloyds (LSE: LLOY) (NYSE: LYG.US) has reached a £226 million settlement related to its 2008 manipulation of benchmark interest rates, with the bill including a £7.8 million fee compensation payment to the Bank of England. Yes, seriously…

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Owain Bennallack owns shares in Lloyds. The Motley Fool has no position in any of the shares mentioned.