UBS (UBS) will reportedly become the first bank in over a decade to admit criminal wrongdoing as part of a deal with U.S., U.K. and Swiss regulators to settle allegations that it manipulated Libor and other inter-bank rates. UBS will also face fines of over $1B, which would be the largest amount levied so far in the Libor scandal and well above the $450M Barclays (BCS) agreed to pay.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment