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Rabobank Fined $1.1 Billion Over Libor, Euribor Rigging
Rabobank Groep, the co-operative formed in 1898 to lend to Dutch farmers, was fined 774 million euros ($1.1 billion) for its involvement in rigging benchmark interest rates, the second-largest in the global investigation. The bank’s chairman, Piet Moerland, said he would resign. The lender, based in Utrecht, Netherlands, was fined by the U.S. Commodity Futures Trading Commission, the Department of Justice, the U.K. Financial Conduct Authority and the Dutch public prosecutor’s office, the regulators said in statements today. The fine brings the total settlements in the rate-rigging probe to $3.7 billion. Rabobank ... (full story)
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- Oct 29, 2013 11:07am Oct 29, 2013 11:07am
- skymania
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Spreadbetter
- | Membership Revoked | Joined Feb 2012 | 3235 Comments
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
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backinblackl
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