Military Charities Will Share Libor Fine Funds, BBC Says

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

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.