Lloyds Opens Internal Probe Into Potential Currency Manipulation
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Lloyds Banking Group Plc, Britain’s largest mortgage lender, opened an internal probe into its currency-trading operations as regulators around the world scrutinize the possible manipulation of foreign-exchange rates.
“We are aware that a number of regulatory and enforcement authorities are investigating foreign-exchange trading,” Lloyds said in a statement in response to questions from Bloomberg News. “It is prudent to review our own foreign-exchange trading over recent years and we have commenced such a review. We will, of course, report anything we find to the relevant authorities and assist them as requested.”