Lloyds Bankers Investigated For Fraud in UK

Bankers who rigged interest rate markets in London engaged in “highly reprehensible” acts if proven true, according to the head of England’s central bank, and may be under criminal investigation for fraud.  If reports are accurate, this could be the first serious investigation of fraud targeting high ranking big bank executives since 1998 when Brooksley Born was replaced as CFTC chairperson, a point benchmarked by certain reformers as a point at which the breakdown in justice first occurred.

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