LIBOR Settlement Hits Rabobank Profits

Provision for a settlement of allegations that Rabobank was involved in manipulating the London Interbank Offered Rate has taken its toll on the bank’s first-half profits, which dropped to EUR1.11 billion ($1.48 billion) from EUR1.29 billion ($1.72 billion) a year ago.

  • 22 Aug 2013

Provision for a settlement of allegations that Rabobank was involved in manipulating the London Interbank Offered Rate has taken its toll on the bank’s first-half profits, which dropped to EUR1.11 billion ($1.48 billion) from EUR1.29 billion ($1.72 billion) a year ago.

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