REG - Lloyds Banking Group - Late-stage settlement discussions with agencies <Origin Href="QuoteRef">LLOY.L</Origin>

Lloyds BankingAnnouncement

06/09/2014 20:35

For best results when printing this announcement, please click on the link
below:

http://pdf.reuters.com/Regnews/regnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20140725:nRSY2926Na


RNS Number : 2926N
Lloyds Banking Group PLC
25 July 2014 
 
25 July 2014 
 
LLOYDS BANKING GROUP CONFIRMS LATE-STAGE SETTLEMENT DISCUSSIONS WITH AGENCIES 
 
Lloyds Banking Group plc ("LBG") notes the recent media coverage regarding
potential settlements with a number of government agencies and their
investigations into submissions, communications and procedures around the
setting of Interbank Offered Rates and other benchmarks. 
 
LBG confirms that it is in late-stage settlement discussions with a number of
agencies. The settlements remain to be agreed and LBG expects they will
include the payment of penalties.  LBG will update the market on these issues
as appropriate. 
 
- END - 
 
For further information: 
 
Investor Relations 
 
Charles King                                                                  
        +44 (0) 20 7356 3537 
 
Investor Relations Director 
 
Email: charles.king@lloydsbanking.com 
 
Douglas Radcliffe                                                             
     +44 (0) 207356 1571 
 
Director of Investor Relations 
 
Email: douglas.radcliffe@finance.lloydsbanking.com 
 
Corporate Affairs 
 
Matt Young                                                                    
         +44 (0) 20 7356 2231 
 
Group Corporate Affairs Director 
 
Email: matt.young@lloydsbanking.com 
 
Ed Petter                                                                     
           +44 (0) 20 8936 5655 
 
Media Relations Director 
 
Email: ed.petter@lloydsbanking.com 
 
FORWARD LOOKING STATEMENTS 
 
This announcement contains forward looking statements with respect to the
business, strategy and plans of the Lloyds Banking Group, its current goals
and expectations relating to its future financial condition and performance. 
Statements that are not historical facts, including statements about the Group
or the Group's management's beliefs and expectations, are forward looking
statements.  By their nature, forward looking statements involve risk and
uncertainty because they relate to events and circumstances that will or may
occur in the future.  The Group's actual future business, strategy, plans
and/or results may differ materially from those expressed or implied in these
forward looking statements as a result of a variety of factors, including, but
not limited to, UK domestic and global economic and business conditions; the
ability to derive cost savings and other benefits, including as a result of
the Group's Simplification programme; the ability to access sufficient funding
to meet the Group's liquidity needs; changes to the Group's credit ratings;
risks concerning borrower or counterparty credit quality; instability in the
global financial markets, including Eurozone instability and the impact of any
sovereign credit rating downgrade or other sovereign financial issues;
market-related risks including, but not limited to, changes in interest rates
and exchange rates; changing demographic and market-related trends; changes in
customer preferences; changes to laws, regulation, accounting standards or
taxation, including changes to regulatory capital or liquidity requirements;
the policies and actions of governmental or regulatory authorities in the UK,
the European Union, or other jurisdictions in which the Group operates,
including the US; the implementation of the Recovery and Resolution Directive
and banking reform following the recommendations made by the Independent
Commission on Banking; the ability to attract and retain senior management and
other employees; requirements or limitations imposed on the Group as a result
of HM Treasury's investment in the Group; the ability to satisfactorily
dispose of certain assets or otherwise meet the Group's EC state aid
obligations; the provision of a range of banking operations services to TSB;
the extent of any future impairment charges or write-downs caused by depressed
asset valuations, market disruptions and illiquid markets; the effects of
competition and the actions of competitors, including non-bank financial
services and lending companies; exposure to regulatory scrutiny, legal
proceedings, regulatory and competition investigations or complaints, and
other factors.  Please refer to the latest Annual Report or Form 20-F filed
with the US Securities and Exchange Commission for a discussion of certain
factors together with examples of forward looking statements.  The forward
looking statements contained in this announcement are made as at the date of
this announcement, and the Group undertakes no obligation to update any of its
forward looking statements. 
 
This information is provided by RNS
The company news service from the London Stock Exchange