Lloyds TSB bank plc agrees to forfeit $350 million
Lloyds TSB Bank plc, a United Kingdom corporation headquartered in London, has agreed to forfeit $350 million to the United States and to the New York County District Attorney's Office in connection with violations of the International Emergency Economic Powers Act, Acting Assistant Attorney General Matthew Friedrich of the Criminal Division, Internal Revenue Service Commissioner Doug Shulman and Robert M. Morgenthau, District Attorney for the New York County District Attorney's Office, announced today.
Lloyds TSB shareholders are considering taking legal action against the bank following the merger with HBOS.