Four of the banks – Britain’s Barclays and Royal Bank of Scotland, Switzerland’s biggest bank UBS and Rabobank of the Netherlands – have previously paid a total of about $3.6 billion to settle U.S. and European regulators’ charges of rigging the LIBOR. The banks signed agreements with the U.S. Justice Department that allow them to avoid criminal prosecution if they meet certain conditions.
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Saturday, March 15, 2014
Four of the banks – Britain’s Barclays and Royal Bank of Scotland, Switzerland’s biggest bank UBS and Rabobank of the Netherlands – have previously paid a total of about $3.6 billion to settle U.S. and European regulators’ charges of rigging the LIBOR. The banks signed agreements with the U.S. Justice Department that allow them to avoid criminal prosecution if they meet certain conditions.
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