Bloomberg reported that a former Rabobank senior trader pleaded guilty in New York to conspiring to manipulate a benchmark interest rate tied to trillions of dollars of securities to benefit his trading positions, the U.S. said.
Bloomberg said Paul Robson, who worked at Rabobank’s London office and made the bank’s yen LIBOR submissions, pleaded guilty to a single conspiracy count in Manhattan federal court.
Bloomberg noted that according to a Justice Department statement, the ex-trader is scheduled to be sentenced in 2017.
To view the full Bloomberg report, click here.
Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!
No tags available