The fine that UBS (UBS) will reportedly pay to settle allegation that it manipulated inter-bank...

|About: UBS Group AG (UBS)|By:, SA News Editor

The fine that UBS (UBS) will reportedly pay to settle allegation that it manipulated inter-bank rates is $1.6B, well above the $1B figure that was mooted at the end of last week. UBS Securities Japan will plead guilty to manipulating Japanese interest rates, although the bank will stop short of acknowledging wrongdoing at a group level, thereby averting fears that it could lose its license.