Litigation

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UBS To Pay $1.5 Billion To Settle Allegations Of Bid Rigging
Posted on 20 Dec 2012 by Michael J. Lello

WASHINGTON, D.C. — (Mealey's) Swiss Bank UBS AG has agreed to pay $1.5 billion to U.S., U.K. and Swiss authorities to settle allegations that it was involved in rigging the London Interbank Offered Rate (LIBOR), and UBS unit UBS Securities Japan... Read More

Tags: FSA , London Interbank Offered Rate , UBS Securities Japan Co. Ltd. , Eric Holder , Swiss Financial Markets Authority , United States of America v. Tom Alexander William Hayes , bid rigging , Commodity Futures Trading Commission , U.K. Financial Services Authority , financial services , CFTC , Litigation , Swiss Bank UBS AG , FINMA , UBS Japan , United States of America v. UBS Securities Japan Co. Ltd.