Lloyds fine in LIBOR rigging probe to be announced next week -sources

(Reuters) – The long-awaited fine on Britain’s Lloyds Banking Group in relation to the benchmark interest rate (LIBOR) fixing allegations will be announced next week, two sources familiar with the inquiry told Reuters.

One source said the settlement, which will be the seventh joint UK and U.S. penalty in this inquiry, could be in the ballpark of 200 million to 300 million pounds.

Deutsche Bank is expected to be the eighth bank to settle U.S. and UK allegations of manipulating benchmark interest rates, which are used to price around 450 trillion dollars of financial products worldwide.

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