Lloyds
Banking Group has dismissed eight staff members following an investigation into
the manipulation of some key interest rates set in London.
The
move follows the bank's £218m fine in July for "serious misconduct"
over the setting of Libor.
Chair
Lord Blackwell said the actions of those responsible for the misconduct were
"completely unacceptable".
Lloyds,
which is 24.9% owned by the government, said the individuals had also forfeited
£3m in unpaid bonuses.
The
bank said its remuneration committee would now ensure the outcome of the
disciplinary process was "fully and fairly reflected" in other staff
bonus payments.
Regulators
found that Lloyds manipulated the London interbank offered rate (Libor) for yen
and sterling and tried to rig the rate for yen, sterling and the US dollar.
It
was also found to have
