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Topic: Ubs
ubs 1 6b fine libor rigging
December 16, 2012

UBS faces $1.6b fine over Libor rigging

ZURICH  - UBS faces a fine of 1.5 billion Swiss francs ($1.63 billion) to settle interest rate rigging charges, a Swiss newspaper reported on Saturday.Citing unnamed sources, Tages-Anzeiger daily said the bank would admit 36 traders around the globe manipulated yen Libor between 2005 and 2010. ...

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