CEO Whose Bank Hid Drug Cash Is Said to Face U.S. Criminal Probe

• DOJ investigates ex-Rabobank officials over bank’s obstruction • OCC examiners said lender concealed funds of Mexican cartels

A river of drug-cartel money flowed through the U.S. arm of a Dutch banking giant, and now federal investigators are pursuing criminal cases against former senior executives for allegedly covering it up, two people with knowledge of the probe said.

The Justice Department is considering whether to accuse Rabobank NA’s ex-Chief Executive Officer John Ryan, the lender’s former general counsel and its past compliance chief of obstructing U.S. bank examiners’ efforts to dig into the firm’s failures to prevent money laundering, said ...