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UBS Pays $1.5 Billion Over Rate Rigging – New York Times

UBS Pays $1.5 Billion Over Rate Rigging – New York Times
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New York Times
UBS Pays $1.5 Billion Over Rate Rigging
New York Times
UBS, the Swiss banking giant, announced a record settlement with global authorities on Wednesday, agreeing to a combined $1.5 billion in fines for its role in a multiyear scheme to manipulate interest rates. In a sign that officials are increasingly taking a hard
UBS to pay $1.5bn in Libor settlementFinancial Times


Has the culture of banking changed?The Guardian
UBS fined $1.5 billion in growing Libor scandalReuters
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About magix

Profile photo of magix When my oldest son, a Marine, left for war and crossed the border from Kuwait into Iraq in March 2003 I started writing my conscience. After two tours that young combat veteran’s mother is now an ardent peace activist and advocate for social, environmental and economic justice. MGx has matured since those early vents and ramblings and now covers relevant and important local and regional matters in addition to national and global affairs.

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