Rabobank fined over Libor scandal

Press Association
Dell screen
Dell screen

Dutch lender Rabobank has been fined 774 million euros (£663 million) by UK and overseas regulators as it became the fifth group to reach a settlement over the Libor rate-rigging scandal.

The group's penalty includes a £105 million fine imposed by Britain's Financial Conduct Authority (FCA) for "serious, prolonged and widespread misconduct" relating to interbank lending rates, while it has also agreed penalties with regulators in the Netherlands, United States and Japan.