Rabobank poised to pay $1 billion Libor settlement

Dutch lender seeking to settle interest-rate rigging allegations by US and UK

Dutch lender Rabobank Groep is poised to pay close to $1 billion to settle allegations that it participated in a wide-ranging scheme to manipulate benchmark interest rates, according to people familiar with the matter.

A settlement between Rabobank and authorities in the US and UK could come as soon as next week, the people said.

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