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UBS (UBS) is reportedly nearing an agreement with U.K. and U.S. authorities to pay over $450M to...
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Monday, December 3, 2012, 3:37 AM ETUBS (UBS) is reportedly nearing an agreement with U.K. and U.S. authorities to pay over $450M to settle allegations that it manipulated global inter-bank interest rates, including Libor. The amount would top the $450M that Barclays paid to settle accusations over its role in the rate rigging, and could increase the possibility that other banks such as RBS (RBS) and Deutsche Bank (DB) will face large fines as well.
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