UBS faces huge fine over Libor

Press Association
UBS
UBS

Swiss bank UBS is poised to be hit with a one billion US dollar (£620 million) fine to settle allegations it rigged the Libor rate, as early as Monday.


The Zurich-based bank, which has around 6,500 staff in London, is in last-minute negotiations with authorities around the world, the Financial Times said.
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