Page 38 - Bank Case Studies

In March 2014, 16 global banks (including

Deutsche Bank, Barclays, Lloyds Group, RBS

Group, and Rabobank) and the British Bankers’
Association trade group were sued by the US

authorities for alleged LIBOR manipulation.
Sanctions taken against these banks highlight the

differing sanctions taken by countries such as the U.K. and USA over

financial impropriety.

Sector Specific Competition Criminal
(financial)

Criminal sanction Criminal sanction -
Seven years maximum Disqualification from
U.K. imprisonment function/firm for a

maximum period of

five years

Sector Specific
Competition Criminal
(financial)

Monetary fine of Monetary fine of $1 Monetary fine of up to
maximum $1 million million maximum for $1 million for an
for a person an individual and $100 individual

U.S.A Criminal sanction million for a company Criminal Sanction

Criminal Sanction
Maximum thirty years Maximum thirty years
imprisonment Maximum ten years imprisonment
imprisonment

Diagram