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UBS fined in US, UK and Switzerland for manipulating the Libor rate

Wednesday, December 19th 2012 - 20:25 UTC
Full article 4 comments

Swiss banking giant UBS has agreed to pay 1.5bn dollars to US, UK and Swiss regulators for attempting to manipulate the Libor inter-bank lending rate. It becomes the second major bank to be fined over Libor after Barclays was ordered to pay 450m to UK and US authorities in the summer. Read full article

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  • Nostrolldamus The 3rd

    US Department of Justice (DoJ), UK Financial Services Authorities, FSA, Swiss Financial Market Supervisory Authority, European Banking Authority, EBA: -- “Bad boy UBS... ::slap in the pinky finger::”

    ::wink:: :wink: wink:::

    UBS to DOJ, EBA, FSA: - “Done? Ok boys, you guys buy lunch... let's talk about them Muppets and plebs, we need to come up with the new scheme to 'rip their faces off'”

    (Vignette of ordinary daily life in the banking subjugated northern nations)

    Dec 19th, 2012 - 08:45 pm - Link - Report abuse 0
  • slattzzz

    We're skint lend us 20 pesos (Vignette of ordinary daily life in the banking of rgenweener)

    Dec 19th, 2012 - 09:28 pm - Link - Report abuse 0
  • Think

    TWIMC

    So many Banks getting huuuge fines.......... That will show them.....

    Huuuge fines representing about 2% of their annual earnings.....
    Huuuuuuuge tax deductible fines....
    Any Bankers going to jail?
    Any Bankers getting unemployed?
    Any Bankers getting lower salaries or bonuses?

    Yeahhh.... those huuuuge fines will certainly show them Bankers who's in control....

    Brainwash anybody?

    Dec 19th, 2012 - 09:53 pm - Link - Report abuse 0
  • British_Kirchnerist

    #3 Yes we need a leader like Cristina to take the fight to them...

    Dec 24th, 2012 - 04:50 pm - Link - Report abuse 0

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