LLOYDS Banking Group faces a £1.5 billion hit over claims it was involved in manipulating the London Interbank Offered Rate (Libor), an analyst has warned.
Shares in the institution, which owns Bank of Scotland, have outperformed those of rivals in recent weeks in part due to relatively less concern about the impact of the unfolding interest rates scandal.
Barclays is so far the only institution to have faced action about its conduct in setting the rates, which are used to determine interest payments on many loans.
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