A fintech incubator has just been rolled out by pan-European accelerator Startupbootcamp in London. The FinTech bootcamp is backed by big names that include Lloyds, Rabobank and MasterCard, TechCrunch reported.
Rabobank
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The Office of the Comptroller of the Currency ordered Rabobank in December to straighten out the issues plaguing its anti-money laundering programs in an order made public recently, Reuters reported.
French lender BNP Paribas announced its submission of a non-binding bid to purchase a 98.5% interest in Rabobank's BGZ.
After thirty of its employees got involved in the manipulation of interest rates, Rabobank had paid a combined EUR774 million in fines.
Nearly USD1 billion would be the settlement amount to be paid by Rabobank for allegations of interest rate manipulation for the Japanese yen.
Rabobank CEO Piet Moerland is set to step down by 2014.
Barilla said on Tuesday it was looking to sell its only remaining German business.
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