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UBS says it will be fined $203 million by US for Libor scandal

Published: 20 May 2015 - 09:39 am | Last Updated: 13 Jan 2022 - 07:52 pm

 

 

 

Zurich---The Swiss bank UBS said Wednesday that it will plead guilty to fraud in the US for manipulating benchmark interest rates and pay $203 million in fines (182 million euros).
A 2012 agreement between the bank and US authorities to drop charges over the so-called Libor scandal had been overturned by officials, the bank said in a statement.

AFP