Rabobank To Pay $1B To US, UK In Libor Probe

Law360, Los Angeles (October 22, 2013, 9:14 PM EDT) -- Rabobank Groep NV, a financial services firm based in Holland, will pay nearly $1 billion as early as next week to settle an investigation by U.S. and U.K. authorities into the company’s alleged collusion related to interbank interest rates, according to news reports Tuesday.

Rabobank is awaiting the U.S. Commodity Futures Trading Commission to formally approve the settlement, made in conjunction with the U.S. Department of Justice and the U.K. Financial Conduct Authority, the Wall Street Journal reported Tuesday, citing people familiar with the matter. The...
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