Lloyds probed for Libor fixing

clock

HBOS is understood to be at the centre of Lloyds's admission it is one of several banks being investigated by US authorities for Libor manipulation.

Yesterday, Lloyds said in a regulatory filing it had received requests for information as part of the investigation looking into alleged manipulation of Libor, according to the Daily Telegraph. It said it is co-operating with regulators including the US Commodity Futures Trading Commission and European Commission. HBOS is the main target given its near collapse in late 2008 as it lost access to wholesale funding markets, according to sources with knowledge of the investigation. A spokesman for Lloyds declined to comment on whether HBOS was the centre of the inquiry, the Telegraph r...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Burnham to stick with fiscal rules as power set to flow out of Whitehall

Burnham to stick with fiscal rules as power set to flow out of Whitehall

First speech since PM bid

clock 29 June 2026 • 2 min read
BoE's Alan Taylor: Extended interest rate hold an 'appropriately measured policy response'

BoE's Alan Taylor: Extended interest rate hold an 'appropriately measured policy response'

Geopolitics in the driving seat

Michael Nelson
clock 25 June 2026 • 2 min read
Advisers highlight uncertain political and fiscal future after Starmer resignation

Advisers highlight uncertain political and fiscal future after Starmer resignation

Prime minister’s exit places chancellor Rachel Reeves’ position ‘inevitably’ under scrutiny

Isabel Baxter
clock 22 June 2026 • 5 min read