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Ex-Rabobank Trader Barred From Industry in Libor Scandal

From nytimes.com

British regulators said on Thursday that they had barred a former trader at the Dutch lender Rabobank from the securities industry after he pleaded guilty in the United States in March in connection with rigging a global benchmark interest rate. The Financial Conduct Authority of Britain said the former trader, Lee Stewart, 52, had been barred from working in the British financial services industry for lacking “honesty and integrity.” The ban was put in place on July 21, the regulator said. In March, Mr. Stewart pleaded guilty to conspiracy to commit wire and bank fraud in the United States District Court for the ... (full story)

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