{"id":5687,"date":"2014-10-07T00:00:00","date_gmt":"2014-10-07T05:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2014\/10\/rabobank_groep_nv_suspends_cur"},"modified":"2022-05-06T11:56:29","modified_gmt":"2022-05-06T16:56:29","slug":"rabobank-groep-nv-suspends-cur","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/rabobank-groep-nv-suspends-cur\/","title":{"rendered":"Rabobank Groep NV Suspends Currencies Traders, British Banker Pleads Guilty in Libor Probe"},"content":{"rendered":"\n

In London, Rabobank Groep NV (RABN.UL) has suspended two senior currencies traders in the wake of an internal probe into the bank\u2019s forex business. Chris Twort and Gary Andrews were placed on leave of absence after their names were discovered in chat rooms along with a currencies trader from another bank who was also suspended.<\/p>\n

Last year, the Dutch bank paid $979.5 million to resolve investigations related to attempts to manipulate the London interbank offered rate. Other banks that have paid to settle Libor rigging charges include ICAP (IAP), Royal Bank of Scotland (RBS), UBS (UBS)<\/a>, and JPMorgan (JPM)<\/a>.<\/p>\n

Meantime, according to the Serious Fraud Office in London, a banker who works for a top British bank agreed to plea guilty to the criminal charge of conspiracy to defraud related to the agency\u2019s probe into Libor manipulation. This individual is the first to plead guilty to manipulation charges of the rate in the United Kingdom. SFO has charged 12 men with the manipulation of Libor.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

In London, Rabobank Groep NV (RABN.UL) has suspended two senior currencies traders in the wake of an internal probe into the bank\u2019s forex business. Chris Twort and Gary Andrews were placed on leave of absence after their names were discovered in chat rooms along with a currencies trader from another bank who was also suspended. […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4027],"tags":[],"class_list":["post-5687","post","type-post","status-publish","format-standard","hentry","category-libor-scandal"],"yoast_head":"\nRabobank Groep NV Suspends Currencies Traders, British Banker Pleads Guilty in Libor Probe — Investor Lawyers Blog — October 7, 2014<\/title>\n<meta name=\"description\" content=\"In London, Rabobank Groep NV (RABN.UL) has suspended two senior currencies traders in the wake of an internal probe into the bank\u2019s forex business. Chris — October 7, 2014\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/rabobank-groep-nv-suspends-cur\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Rabobank Groep NV Suspends Currencies Traders, British Banker Pleads Guilty in Libor Probe — Investor Lawyers Blog — October 7, 2014\" \/>\n<meta name=\"twitter:description\" content=\"In London, Rabobank Groep NV (RABN.UL) has suspended two senior currencies traders in the wake of an internal probe into the bank\u2019s forex business. Chris — October 7, 2014\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards & Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Rabobank Groep NV Suspends Currencies Traders, British Banker Pleads Guilty in Libor Probe — Investor Lawyers Blog — October 7, 2014","description":"In London, Rabobank Groep NV (RABN.UL) has suspended two senior currencies traders in the wake of an internal probe into the bank\u2019s forex business. Chris — October 7, 2014","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/rabobank-groep-nv-suspends-cur\/","twitter_card":"summary_large_image","twitter_title":"Rabobank Groep NV Suspends Currencies Traders, British Banker Pleads Guilty in Libor Probe — Investor Lawyers Blog — October 7, 2014","twitter_description":"In London, Rabobank Groep NV (RABN.UL) has suspended two senior currencies traders in the wake of an internal probe into the bank\u2019s forex business. Chris — October 7, 2014","twitter_misc":{"Written by":"Shepherd Smith Edwards & Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/rabobank-groep-nv-suspends-cur\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/rabobank-groep-nv-suspends-cur\/"},"author":{"name":"Shepherd Smith Edwards & Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Rabobank Groep NV Suspends Currencies Traders, British Banker Pleads Guilty in Libor Probe","datePublished":"2014-10-07T05:00:00+00:00","dateModified":"2022-05-06T16:56:29+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/rabobank-groep-nv-suspends-cur\/"},"wordCount":335,"articleSection":["LIBOR Scandal"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/rabobank-groep-nv-suspends-cur\/","url":"https:\/\/www.investorlawyers.com\/blog\/rabobank-groep-nv-suspends-cur\/","name":"Rabobank Groep NV Suspends Currencies Traders, British Banker Pleads Guilty in Libor Probe — Investor Lawyers Blog — October 7, 2014","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2014-10-07T05:00:00+00:00","dateModified":"2022-05-06T16:56:29+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"In London, Rabobank Groep NV (RABN.UL) has suspended two senior currencies traders in the wake of an internal probe into the bank\u2019s forex business. Chris — October 7, 2014","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/rabobank-groep-nv-suspends-cur\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/rabobank-groep-nv-suspends-cur\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.investorlawyers.com\/blog\/rabobank-groep-nv-suspends-cur\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investorlawyers.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Rabobank Groep NV Suspends Currencies Traders, British Banker Pleads Guilty in Libor Probe"}]},{"@type":"WebSite","@id":"https:\/\/www.investorlawyers.com\/blog\/#website","url":"https:\/\/www.investorlawyers.com\/blog\/","name":"Investor Lawyers Blog","description":"Published By Investment Fraud Attorneys \u2014 Shepherd Smith Edwards & Kantas, LLP","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.investorlawyers.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431","name":"Shepherd Smith Edwards & Kantas, LLP","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","caption":"Shepherd Smith Edwards & Kantas, LLP"},"sameAs":["https:\/\/www.investorlawyers.com\/"]}]}},"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pedX9K-1tJ","_links":{"self":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/5687","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/comments?post=5687"}],"version-history":[{"count":4,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/5687\/revisions"}],"predecessor-version":[{"id":27537,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/5687\/revisions\/27537"}],"wp:attachment":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=5687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=5687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=5687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}