• A new DIY economy

    Reinventing society will be an opportunity to create a better future, says Ian Mann.

  • Healthcare headache

    State healthcare strategies must be more than political posturing, says Mzwandile Jacks.

  • Buzzwords and truths

    Mandi Smallhorne discusses her beef with the terms 'savings' and 'entrepreneurship'.

Loading...
See More

UBS pays $1.5bn to settle Libor rigging

Dec 19 2012 08:18
Reuters

Zurich - UBS said it will pay 1.4 billion Swiss francs ($1.53bn) and admit wrongdoing at its Japanese arm to settle a wide-ranging, multi-regulator probe into how the Swiss bank's traders manipulated yen Libor and euroyen contracts.

The Swiss bank's fine is second-largest ever levied against a bank, after Britain's HSBC last week agreed to pay $1.92bn to settle a probe in the United States into laundering money for drug cartels.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

ubs  |  libor scandal  |  banks

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About...

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Introducing tablets in schools is:

Previous results · Suggest a vote

Loading...