The FT has reported that:
Lloyds was not the bank involved in attempts to buy tungsten, prosecutors said.
The bank made a provision in 2008 to cover £180m related to the investigations. Lloyds, along with Barclays of the UK, and Credit Suisse of Switzerland, have disclosed that they were co-operating with US prosecutors.
So now we have Barclays also under criminal suspicion.
And there are a number of other European banks under investigation too.
It looks like my belief that banking is rotten to the core has some justification.