Rabobank Settles Libor Investigation for More than $1 Billion

Rabobank, a Dutch lender, admitted to criminal violations of law by employees and agreed to pay more than $1billion in criminal fines and civil penalties to settle investigations by the United States, the United Kingdom, and Dutch authorities. The investigation involved derivative swap traders at Rabobank. The swap traders requested that other Rabobank employees make […]

SunTrust Settles Mortgage Claims for More than $1B

SunTrust Banks settled mortgage fraud charges with the government by agreeing to pay more than $1 billion. The settlement involved the Department of Justice, the Department of Housing and Urban Development, and the Federal Reserve. The settlement includes $468 million in cash payments and $500 million in mortgage borrower relief. Additionally, SunTrust will pay $200 […]