US judge confirms $100m Libor fine for UBS
US court fines bank's Japanese unit after December guilty plea
A judge in the US District Court for Connecticut has fined UBS Securities Japan $100 million after the unit admitted in December that it had planned to rig the Libor benchmark rate in order to defraud its swap counterparties.
The news brings to a close a lengthy regulatory offensive in several countries which has cost the Swiss bank over $1.5 billion in fines and payments. In December, it paid fines to the Swiss Financial Market Supervisory Authority, the UK Financial Services Authority and the
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