Rabobank agreed last October to pay $1 billion to resolve US and European probes into Libor manipulation. (Photograph: John Moore/Getty Images)

Aformer senior trader at Rabobank pleaded guilty on Monday to participating in a scheme to manipulate the yen Libor rate, becoming the second employee(...)

Bob Diamond, former chief executive of Barclays,  told the UK’s parliamentary commission on banking standards that he felt “physically ill” when he learned employees of the bank had been making false rate submissions in the Libor scandal. Photograph: Reuters/Dylan Martinez

In a memorable scene from the film Casablanca, Louis Renault, the affable but corrupt French police chief, closes Rick’s club. “I am shocked, shock(...)