All
 

 

Just in:  

You are here: Home»World»Business & Economy»UK's FSA fines UBS 160 million pounds for Libor rigging

ubs 400LONDON: Britain's Financial Services Authority fined Swiss bank UBS 160 million pounds for manipulating the Libor interest rate in four countries over six years.

 

UBS said separately on Tuesday it will pay a total of 1.4 billion Swiss francs to settle charges with Swiss, UK and US regulators for manipulating the London interbank offered rate (Libor).

 

"The integrity of benchmarks such as LIBOR and EURIBOR are of fundamental importance to both UK and international financial markets. UBS traders and managers ignored this," FSA director of enforcement Tracey McDermott said in a statement.

Copyright Reuters, 2012
**


 



 
Index Closing Chg%
Arrow DJIA 18,203.37 0.47
Arrow Nasdaq 4,979.90 0.56
Arrow S&P 2,107.78 0.45
Arrow FTSE 6,889.13 0.74
Arrow DAX 11,280.36 1.14
Arrow CAC-40 4,869.25 0.98
Arrow Nikkei 18,815.16 0.06
Arrow H.Seng 24,702.78 0.74
Arrow Sensex 29,593.73 0.46







ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln