US Authorities Fine Société Générale $475 million for Libor Rigging
Moderator: moderators
-
- rank: 10000+ posts
- Posts: 37443
- Joined: Thu Jan 14, 2016 9:36 am
- Reputation: 2
- Gender:
US Authorities Fine Société Générale $475 million for Libor Rigging
French bank Société Générale has reached a $475 million settlement in a class action suit alleging that its managers conspired to manipulate a global benchmark interest rate known as Libor, according to a CTFC filing.
The settlement made public on Monday resolves antitrust and other claims against the bank which was pleased to have resolved the agency’s investigations into legacy activities, according to a Société Générale spokesman.
Help us to make Finance Magnates better!
The indictment states that between May 2010 through mid-2012, certain members of SocGen’s executive management, including the CFO, head of investment banking and ... (read more)
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.