UBS to pay £940m over Libor scandal

AOL Money Staff
UBS
UBS

Swiss bank UBS has agreed to pay £940 million to regulators in the biggest penalty yet from the industry's Libor-rigging scandal.


The settlement, which includes a record fine of £160 million from the UK's Financial Services Authority, is far larger than the total of £290 million paid by Barclays for Libor manipulation this summer.
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