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UBS TO BE HIT WITH 1 BILLION DOLLAR A DAY FINE FOR LIBOR

 
its coming to a head WW3
User ID: 30085358
United States
12/16/2012 07:19 PM
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UBS TO BE HIT WITH 1 BILLION DOLLAR A DAY FINE FOR LIBOR
UBS AG (UBSN.VX) is expected to be hit with a $1 billion-plus fine to settle charges of rigging Libor interest rates this week, making it the second bank to be brought to book for its role in the global scandal.

The fine, to be imposed by regulators in Britain and the United States, would be the latest blow for the Swiss bank that suffered a rogue trading scandal last year, paid a $780 million fine to settle a U.S. tax investigation in 2009 and nearly collapsed in 2008 under the weight of huge subprime losses.

Sources familiar with the matter have told Reuters the fine will be $1 billion or more,
Anonymous Coward
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12/17/2012 06:32 PM
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Re: UBS TO BE HIT WITH 1 BILLION DOLLAR A DAY FINE FOR LIBOR
bsmeter
2012Portal
2012Portal - The Mayan Calendar

User ID: 15022013
Netherlands
12/17/2012 06:34 PM

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Re: UBS TO BE HIT WITH 1 BILLION DOLLAR A DAY FINE FOR LIBOR
You don't think this was announced just after trading, in the middle of a mass shooting for nothing, do you?

Thread: BREAKING! --- UBS Said Planning to Admit JAPAN Wrong-doing in LIBOR
Mayan Calendar and 2012-
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