Economics
Madoff Money to Japan Mob Ties Breed Banks’ Global Pains
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Japanese regulators said they’re looking for loans to gangsters by the nation’s three biggest banks. The 115-year-old Dutch lender Rabobank Groep was fined more than $1 billion for rigging interest rates. Deutsche Bank AG and UBS AG, Germany and Switzerland’s biggest lenders, both said they’re facing investigations into currency manipulation.
It was another day in global banking.