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By Lindsay Fortado, Phil Mattingly and Silla Brush, Bloomberg |
December 19, 2012
UBS AG will pay about $1.5 billion and two former traders face prison as the bank settled charges with U.S. and U.K. authorities for manipulating interest rates in a global conspiracy to boost profits and bonuses.
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By Press Release |
December 19, 2012
The U.S. Commodity Futures Trading Commission announced an Order today against UBS AG and UBS Securities Japan Co., bringing and settling charges of manipulation, attempted manipulation and false reporting of certain global benchmark interest rates.
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By Lindsay Fortado, Gavin Finch and Liam Vaughan, Bloomberg |
December 19, 2012
UBS AG’s $1.5 billion fine for rigging global interest rates expands the scandal to include bribery and highlights the influence of a trader in Tokyo who colluded with other banks to align their submissions.
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By Elaine Knuth |
December 17, 2012
As disastrous as the MF Global debacle has been to its customers, those customers with funds held overseas in secured accounts have seen the worst of the MF Global mess.
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By Alanna Byrne |
December 14, 2012
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By Lindsay Fortado and Greg Farrell |
December 13, 2012
UBS AG may be fined more than $1 billion by U.S. and U.K. regulators for trying to rig global interest rates.
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By Howard Mustoe, Bloomberg |
December 11, 2012
HSBC Holdings Plc, Europe’s largest bank, agreed to pay $1.92 billion to settle U.S. probes of money laundering in the largest such accord ever.
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By Kit Chellel |
December 10, 2012
Stefan Hunt, a former Harvard and Yale economist who now works with the U.K.'s Financial Services Authority, is using new tools to protect consumers from old-fashioned fraud.
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By Lindsay Fortado, Bloomberg |
December 3, 2012
UBS AG, Switzerland’s biggest lender, is close to agreements with U.S. and U.K. regulators to pay more than 290 million pounds ($466 million) in fines over allegations traders tried to rig global interest rates.
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By Agnieszka Troszkiewicz and Eleni Himaras, Bloomberg |
November 29, 2012
The London Metal Exchange’s $2.2 billion takeover by Hong Kong Exchanges & Clearing Ltd. won approval by the Financial Services Authority, the U.K.’s regulator.
