I note from this weeks Economist that the AAA Bank and no funny business had slight problem.
BUSINESS THIS WEEK
Rabobank, a Dutch mutual lender, was fined a total of $1 billion for
rigging the benchmark LIBOR interest rate. It was the second-biggest
of the penalties imposed on the five banks that have settled in the
LIBOR scandal so far. Rabobank's chief executive resigned; he said
he was unaware of what was going on.
SEE ARTICLE >>
BUSINESS THIS WEEK
Rabobank, a Dutch mutual lender, was fined a total of $1 billion for
rigging the benchmark LIBOR interest rate. It was the second-biggest
of the penalties imposed on the five banks that have settled in the
LIBOR scandal so far. Rabobank's chief executive resigned; he said
he was unaware of what was going on.
SEE ARTICLE >>
