LONDON, July 28 The governor of the Bank of
England has stated that manipulation of fees for a
taxpayer-backed lending scheme by Lloyds Banking Group
could lead to criminal action against those involved.
"Such manipulation is highly reprehensible, clearly unlawful
and may amount to criminal conduct on the part of the
individuals involved," Bank of England Governor Mark Carney said
in July 15 letter to Lloyds Chairman Norman Blackwell.
Blackwell replied in a July 16 letter, saying the bank
shared the Governor's concerns.
"This was truly shocking conduct, undertaken when the bank
was on a lifeline of public support," he said.
(Reporting by Matt Scuffham, editing by Huw Jones)