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UBS Libor Pact Said to Include $1.6 Billion, Charges

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U.S. prosecutors are planning to file charges this week against multiple bankers associated with UBS AG’s rigging of Tokyo interbank lending rates, according to a person with knowledge of the case.

The charges would be the first brought by the U.S. Department of Justice against individuals alleged to have manipulated the London interbank offered rate, or Libor, and comparable lending rates in Europe and Japan.