Former Rabobank Traders Seek to Have US Libor Convictions Overturned

[kreslik.news]

Probes into whether banks have manipulated Libor have led to over $9 billion in global settlements to date, with cases against financial institutions and various people in the US and UK. Barclays Bank, for example, recently paid out a further $100 million to settle manipulation claims, as reported by Finance Magnates. 

This week, a US appeals court questioned whether two former Rabobank traders’ rights were violated in what became the first case by US Department of Justice to go to trial following a number of global probes into the manipulation of Libor, according to a Reuters report.

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