UBS Libor Manipulation Accord Said to Be as Much as $1.6 Billion

UBS AG (UBSN) is to pay as much as $1.6 billion to settle investigations of interest rate manipulation with the Justice Department, the U.S. Commodity Futures Trading Commission, the U.K. Financial Services Authority and the Swiss Financial Market Supervisory Authority, said a person familiar with the matter.

The accord may be announced as early as Dec. 18, said the person, who asked not to be identified because the matter is private.

To contact the reporter on this story: Lindsay Fortado in London at lfortado@bloomberg.net

To contact the editor responsible for this story: David E. Rovella at drovella@bloomberg.net

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