October 22, 2013

Libor Fixing Scandal: Rabobank Braces for $1bn US and UK Fine

Rabobank is on the cusp of being fined $1bn by US and UK authorities for its alleged role in the manipulation of the key interbank lending rate Libor. 

According to three unnamed sources cited by the Financial Times, the Dutch lender is set to pay the second largest.. Read more.

IBTimes

Related,
Rabobank faces near-$1bn Libor fine - FT
"Miljard dollar boete voor Rabobank" (video) - NOS