Tag: Axel Weber

• Wednesday, December 19th 2012 - 20:25 UTC

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

  

  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.

• Tuesday, February 22nd 2011 - 00:00 UTC

  A fatiguing marathon ahead for debt strained Euro zone countries, says ECB

  

  European Central Bank policymaker Axel Weber said that debt-strained Euro zone countries must make the most of the breathing space bought by aid measures and warned them the hardest part of the reform process was still ahead.