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

Author

Bart, Katharina, Miles, Tom, and Viswanatha, Aruna

Subjects
FINES (Penalties), INTEREST rates, LIBOR
Abstract

The article discusses the agreement of UBS to pay a penalty of 1.5 billion U.S. dollars to international regulators and the charges filed against two of its traders Roger Darin and Tom Hayes for manipulating interest rates related to the London interbank offered rate (Libor). It offers information on the risk of UBS to additional fines from the Hong Kong Monetary Authority, including the involvement of its subsidiary in Japan in the Libor fraud case.

Published
2013

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