UBS hit by $1.5 billion fine for Libor rigging

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UBS has agreed to pay $1.5 billion in fines over its involvement in Libor and Euribor manipulation.

It will pay £160 million to the UK's Financial Services Authority (FSA) and $1.2 billion to the US Department of Justice (DoJ) and Commodity Futures Trading Commission (CFTC). The bank will also pay Sfr59 million to the Swiss Financial Market Supervisory Authority.

UBS's Japanese unit has also agreed to enter a guilty plea to one charge of wire fraud, relating to the manipulation of certain benchm

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