Receive Breaking News updates as they occur
REVERE, Mass. (AP) — A storm system that wreaked havoc across the eastern U.S. spawned a tornado just north of Boston on Monday, causing extensive damage in the coastal city of Revere, where roofs were ripped off buildings and dozens of large trees were uprooted.
By Matt Scuffham and Huw Jones LONDON (Reuters) - Lloyds Banking Group could face further punishment after agreeing to pay fines totaling $370 million for its part in a global interest rate rigging scandal and for attempting to manipulate fees for a government lending scheme to help banks. This special liquidity scheme (SLS), launched in 2008, was an attempt to free up banks' balance sheets and boost confidence in the financial system. Bank of England Governor Mark Carney said in a July 15 letter to Lloyds' chairman Norman Blackwell the attempted manipulation could lead to criminal action against those involved. He said Britain's financial regulator would consider whether further action should be taken against Lloyds or the individuals involved.