Rabobank To Pay $1 Billion To Settle Allegations That It Manipulated Libor

Rabobank To Pay $1 Billion To Settle Allegations That It Manipulated Libor

WASHINGTON, D.C. - Dutch bank Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank) has agreed to pay more than $1 billion in civil and criminal penalties to settle allegations that it manipulated the London InterBank Offered Rate (Libor), the U.S. Department of Justice (DOJ) announced Oct. 29.

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