Lloyds Libor Probe Dropped by U.K. Investigators, Times Says
This article is for subscribers only.
The U.K. Serious Fraud Office has dropped a criminal investigation into Lloyds Banking Group Plc and its former traders over Libor rigging, according to a newspaper report.
Investigators concluded there was insufficient evidence to take the matter further in respect of former traders and the bank, The Times reported, without saying where it obtained the information. The SFO has written to Lloyds and the individuals to let them know they are no longer under investigation, the newspaper said.