US and UK regulators found the bank had acted with “serious misconduct”, jointly handing down the seventh-biggest fine related to the scandal in July this year.
Lloyds was particularly chastised by the regulators due to its attempts to manipulate both repo and Libor rates, a level of misconduct “not seen in previous Libor cases”.
At the time, Lloyds said it “condemns the actions of the individuals responsible.”
Today the bank said the group could not take action against any other individuals involved in the scandal because they had already quit the business.
Those dismissed today forfeited £3m in unpaid bonuses, it added.
Group chief executive António Horta-Osório said “the Group’s management team are committed to preventing this type of behaviour happening again.”
Lloyds have reported the outcome of their internal investigation to the FCA.
