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£2.6m of bank fines for LIBOR rigging attempts are donated to service charities

LIBOR and coins by Lim Yong Hian on Shutterstock.com

The Government has passed £2.6 million to armed forces charities from fines levied on banks for attempting to manipulate the London Interbank Offered Rate (LIBOR) benchmark.

Corporates want their pound of flesh

At a recent CSR presentation by a UK bank, I was struck by the highly commercial attitude this company is taking to its community involvement.

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