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Rabobank's $1bln LIBOR Fine

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Rabobank's $1bln LIBOR Fine
AIRED:
Big numbers, but not the sort banks usually like to report. Rabobank has been ordered to pay a hefty 1.07 billion dollars in fines. The penalty is - say British, Dutch and US regulators - for some of the 'most serious' misconduct linked to the LIBOR and EURIBOR scandals. Rabobank is paying the second biggest fine out of five levied so far - UBS was hit with the largest at 1.5 billion. Together, LIBOR and EURIBOR guide market rates for more than 300 trillion dollars worth of assets.moreless
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