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UBS traders charged, bank fined $1.5 billion in Libor scandal

UBS traders charged bank fined billion: ReutersReuters
Thursday, 20 December 2012

ZURICH/NEW YORK (Reuters) - U.S. prosecutors charged two former UBS traders on Wednesday with taking part in a multi-year scheme to manipulate Libor and other benchmark interest rates, making them the first individuals to be criminally accused in the international scandal.
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Source: Newsy.com - on December 19, 2012

News video: UBS Fined $1.5 Billion for Rigging Libor Lending Rates

UBS Fined $1.5 Billion for Rigging Libor Lending Rates

Swiss banking giant UBS has been fined $1.5 billion by regulators for attempting to manipulate the Libor lending rate.

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