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 […]

DOJ and JP Morgan Chase Nearing Agreement on $13B Mortgage Fraud Penalty

Numerous reports state that the U.S. Department of Justice and JPMorgan Chase are nearing agreement on a civil settlement requiring the bank to pay $13 billion in penalties, fines, and compensation for the bank’s involvement in mortgage fraud stemming from the financial panic of 2008. The amount reportedly breaks down into three categories.  First, there […]