UBS Announces Massive $1.4 Billion Libor Settlement

By  |  December 19, 2012
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UBS has announced that it has reached a settlement with various U.S., U.K. and Swiss government organizations after investigations into its benchmark rates practices, according to Finextra.

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    UBS will pay $1.2 billion to the Department of Justice and the Commodity Futures Trading Commission, CHF 59 million to the Swiss Financial Market Supervisory Authority and GBP 160 million to the UK Financial Services Authority.

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