Lloyds sacks 8 after rate-fix probe

Lloyds Banking Group has fired eight members of staff and withheld bonuses worth £3m (€3.83m) as part of disciplinary action taken in the wake of July’s revelations about rate-fixing.

However, the group has been unable to take any action against a number of individuals who had already left the bank prior to the bank’s £218m (€278.54m) settlement with UK and US regulators.