UBS Trader Hayes Exposed in Libor Probe as E-Mails Released

UBS Trader Hayes Exposed in Libor Probe as E-Mails Released

Gianluca Colla/Bloomberg

UBS was fined 1.4 billion Swiss francs ($1.5 billion) by U.S., U.K. and Swiss regulators on Wednesday for trying to rig Libor, which is derived by asking banks how much it would cost to borrow from each other in different rates and currencies.