Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

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 »

COMMENTS

Read the comment policy

You need to Log in to Newser to comment. Don't have an account yet? Sign up now!

3 comments

Bloomberg (Source Grid »)

Money

Barclays • UBS • banking industry • Libor • big banks • Libor rate-fixing scandal

What is Newser?

Face it: there's too much news. At Newser, we choose the most thought-provoking and entertaining stories from hundreds of US and international sources and reduce them to a headline, picture, and two paragraphs. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

Learn more »

Partnering with: The Street

View Newser on the mobile website

Libor Scandal to Cost UBS $1.6B: Report

That's 3 times Barclays' penalty

Barclays • UBS • banking industry • Libor • big banks • Libor rate-fixing scandal

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

About Us

Site

Community

Site Maps

Tools

More News

What is Newser?