UBS Subsidiary To Pay $100M To Settle Libor Manipulation Claims

NEW HAVEN, Conn. - UBS Securities Japan Co. Ltd. will pay a $100 million fine as part of a plea agreement with the U.S. government to end a criminal suit alleging that UBS Japan illegally manipulated the London Interbank Offered Rate (Libor), according to court documents filed on Sept. 18 in a Connecticut federal court (United States of America v. UBS Securities Japan Co. Ltd., No. 12-cr-0268, D. Conn.).

Access this news story on lexis.com®