Rabobank Faces Libor Rigging Fine of More Than $440 Million
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Rabobank Groep faces a fine of more than $440 million for Libor rigging as global regulators seek to increase the $2.5 billion in penalties already levied in the rate-manipulation scandal.
Rabobank, the second-biggest Dutch lender, is next in line to reach a settlement with the U.S. Commodity Futures Trading Commission, the Department of Justice and the U.K. Financial Services Authority over claims it tried to manipulate benchmark interest rates, said four people with knowledge of the probe who asked not to be identified because the talks are private.