Bloomberg News

Military Charities Will Share Libor Fine Funds, BBC Says

February 23, 2013

Three charities split 1.3 mln pounds ($1.97 mln) worth of fines imposed on banks for rigging interest rates, BBC reports, citing Chancellor George Osborne. * Soldiers, Sailors, Airmen and Families Association receiving 1.1 mln pounds, Felix Fund receiving 65,000 pounds, Tickets for Troops receiving 160,000 pounds * Government said in October it would distribute 35 mln pounds in Libor fines for military personnel * Remaining funds will be distributed during next two years

To contact the reporter on this story: Whitney McFerron in London at wmcferron1@bloomberg.net

To contact the editor responsible for this story: Steve Stroth at sstroth@bloomberg.net


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