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Libor fines from banks allocated to military charities

15 December 2013 Last updated at 08:33 GMT

The latest tranche of money gathered from UK banks in Libor fines has been allocated to 24 military charities.

The £12m instalment will be used to fund projects including housing and mental health support schemes for military veterans.

It means a total of £35m has now been distributed to 96 charities from fines imposed on the banking industry for rigging the benchmark interest rate.

Ben Moore reports.