UBS Fined 1.4 Billion Swiss Francs for Manipulating Libor

UBS Fined 1.4 Billion Swiss Francs for Manipulating Libor

Gianluca Colla/Bloomberg

UBS said today it expects to report a fourth-quarter loss of between 2 billion francs and 2.5 billion francs, primarily as a result of litigation provisions and regulatory matters.