U.K.'s FCA Said to Probe Lloyds Traders Over Bond Rigging

  • U.K. regulator investigating government-bond manipulation
  • Allegations traders may have driven down prices for profits

Lloyds Banking Group Plc traders are being investigated by the U.K. Financial Conduct Authority over possible manipulation of the British government-bond market in the latest in a string of market-rigging probes by the regulator, according to a person with knowledge of the situation.

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