UBS to pay $1.5 billion over rate-rigging scandal

Associated Press
UBS to pay $1.5 billion over rate-rigging scandal

FILE - The logo of Swiss bank UBS is seen in Zurich, Switzerland, in this Dec. 18, 2001 picture. UBS reported a first quarter net profit of 2.42 billion Francs ($1.89 billion) in this May 4, 2004 file photo. Swiss bank UBS announced Wednesday Dec. 19, 2012 to pay 1.4 billion Swiss francs (US$ 1.53 billion) in fines to resolve investigations that it helped manipulate the benchmark LIBOR interest rate. (AP Photo/Keystone, Steffen Schmidt, File)

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