Relevant:
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- First Briton pleads guilty to Libor rigging
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- LIBOR Scandal More Than Fraud - Whole Game is Rigged [Video]
2012-12-14 — cnbc.com
Swiss bank UBS faces a combined fine of about $1 billion to settle charges of rigging the Libor interest rate benchmark early next week, a person familiar with the situation said on Thursday.
Such a penalty would be more than double the $450 million fine levied on British bank Barclaysin June by U.S. and British regulators and would be the third massive U.S. fine to hit big European banks this week.
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