Rabobank fined

(November 2, 2013) -- Dutch lender Rabobank agreed to pay a $325 million penalty for engaging in manipulation of leading benchmark interest rates – the London InterBank Offered Rate (LIBOR) and the Euro Interbank Offered Rate (Euribor), in a settlement announced by the Justice Department on October 29. The Department also filed a criminal information – as part of a deferred prosecution agreement– in U.S. District Court for the District of Connecticut in which Rabobank accepted responsibility for its misconduct as set out in an extensive statement of facts....

Related Sections