Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Rabobank
Current Parent Company: Rabobank
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $325,000,000
Year: 2013
Date: October 29, 2013
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Secondary Offense: interest rate benchmark manipulation
Mega-Scandal: Benchmark Manipulation
Violation Description: Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank) entered into an agreement with the Department of Justice to pay a $325 million penalty to resolve violations arising from Rabobank's submissions for the London InterBank Offered Rate (LIBOR) and the Euro Interbank Offered Rate (Euribor).
Level of Government: federal
Action Type: agency action
Agency: Justice Department Criminal Division
Civil or Criminal Case: criminal
Prosecution Agreement: deferred prosecution agreement
HQ Country of Current Parent: Netherlands
Ownership Structure of Current Parent: cooperative
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: financial services
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.