A claim against Rabobank has
been brought by an Argentinian financial consumer organization due to the
bank’s manipulation of the Libor rate (the standard rate on which fluctuating
interest rate is based). Consumidores
Financieros (CF) has brought a case before the Buenos Aires court in
April. Rabobank has already announced
that in the US about 40 claims have been brought against it. The bank has admitted to the manipulation and
has already paid 774 million Euro in out-of-court settlement fines.Saturday, August 23, 2014
Argentina: Two Billion Dollar Claim Against Rabobank
A claim against Rabobank has
been brought by an Argentinian financial consumer organization due to the
bank’s manipulation of the Libor rate (the standard rate on which fluctuating
interest rate is based). Consumidores
Financieros (CF) has brought a case before the Buenos Aires court in
April. Rabobank has already announced
that in the US about 40 claims have been brought against it. The bank has admitted to the manipulation and
has already paid 774 million Euro in out-of-court settlement fines.
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