Tags: ubs | wsj | interest rate | rigging settlement

US Voids Interest-rigging Settlement With UBS: WSJ

Friday, 15 May 2015 07:56 AM

The U.S. Justice Department has voided a 2012 settlement with UBS AG related to interest-rate rigging, the Wall Street Journal reported.

The newspaper, citing current and former government officials, said the move came after more than a year of talks between the Swiss bank and the U.S. government.

It added that the negotiations were expected next week to result in UBS paying a fine of about $200 million and pleading guilty to allegations that UBS traders manipulated the London interbank offered rate, or Libor, before 2012.

© 2017 Thomson/Reuters. All rights reserved.

   
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The U.S. Justice Department has voided a 2012 settlement with UBS AG related to interest-rate rigging, the Wall Street Journal reported.
ubs, wsj, interest rate, rigging settlement
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2015-56-15
Friday, 15 May 2015 07:56 AM
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