Libor Scandal to Cost UBS $1.6B: Report

That's 3 times Barclays' penalty

By Matt Cantor,  Newser Staff

Posted Dec 17, 2012 9:40 AM CST

(Newser) – UBS will pay $1.6 billion to settle with US and European officials in the Libor rate-fixing scandal, an insider tells Bloomberg—a penalty more than three times the size of what Barclays ponied up. Meanwhile, US officials are set to charge bankers in the...   Read full story »

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