Saturday, 2 November 2013

Dutch finance major 'RaboBank' fined $ 1 Billion in LIBOR scandal

Rabobank

Charges: RaboBank manipulated London Inter-Bank Offered Rate (LIBOR)
Repercussions: CEO resigned, RaboBank slapped with $ 1 Billion fine (criminal and civil penalties).
More about RaboBank: It started out as an agriculture cooperative in the Netherlands in the late 19th century and has become the country’s biggest lender.

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