UBS Libor Fine Soars as Traders Bribed Brokers to Fix Libor Rate

UBS Libor Fine Soars as Traders Bribed Brokers to Fix Libor Rate

Jason Alden/Bloomberg

UBS was fined 29.7 million pounds last month by the FSA and told by the Swiss regulator it may have to increase capital levels for operational risks after a $2.3 billion loss from unauthorized trading by Kweku Adoboli.