UBS Rap Sheet Leads to Libor Guilty Plea on Top of Currency Fine
Five Banks Plead Guilty in U.S. Market Rigging Probe
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UBS Group AG will pay $545 million to settle U.S. investigations into its role in manipulating currency and interest rates.
The lender’s main unit, UBS AG, will also plead guilty to a wire-fraud charge related to interest-rate manipulation after the Department of Justice ripped up an agreement that had let the largest Swiss bank avoid prosecution in the matter.