Paul Thompson arrested on extradition order over allegation,which emerged in 2012, that former Rabobank traders colluded to fix the benchmark interest rate A Western Australian man is in jail awaiting extradition to the United States for his alleged role in the Libor interest rate-rigging scandal.
The extradition order relates to allegations, or which first emerged in 2012,that traders had manipulated the Libor rate, a benchmark interest rate that some of the world’s main banks charge each other for short-term loans, and for their own benefit. Related: Libor interest rate-rigging scandal: British bankers' trial begins in US Related: Rabobank boss quits over £662m Libor rigging fine Continue reading...
Source: theguardian.com