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UBS (UBS) doesn't just face a fine of $1B for rigging Libor and other inter-bank rates, it will...

UBS (UBS) doesn't just face a fine of $1B for rigging Libor and other inter-bank rates, it will reportedly become the first major bank in over a decade to admit criminal wrongdoing. A settlement could come on Monday. Meanwhile, prosecutors didn't indict HSBC (HBC) for money laundering due to fears about the effect on the financial system. Senator Charles Grassley was not impressed.
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Comments (2)
  • minecanary
    , contributor
    Comments (641) | Send Message
     
    Can't indict even the blatant criminal bankers because it might negate some of Bennie's beautiful printing. So much for Dud-Frank
    14 Dec 2012, 09:58 AM Reply Like
  • davidbdc
    , contributor
    Comments (3184) | Send Message
     
    Wouldn't allowing money laundering be endangering the financial system? Aren't others at large institutions going to say - geez we won't be prosecuted for much of anything and do things we haven't even thought about?

     

    What nonsense.
    14 Dec 2012, 11:41 AM Reply Like
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