More on UBS (UBS) rate-rigging deal: Of the $1.5B fine, UBS will pay $1.2B to U.S. authorities...

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

More on UBS (UBS) rate-rigging deal: Of the $1.5B fine, UBS will pay $1.2B to U.S. authorities and the rest to U.K. and Swiss regulators. The large size of the penalty - it's more than triple that of Barclays - reflects the centrality of UBS to the scandal. The bank's Japan unit, which was responsible for much of the attempted manipulation, pleads guilty to one count of fraud. In the U.S., authorities are expected to arrest people with ties to UBS. (PR)