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 17,776.91 0.53
Arrow Nasdaq 4,997.46 0.11
Arrow S&P 2,081.34 0.61
Arrow FTSE 6,432.21 1.58
Arrow DAX 10,676.78 1.96
Arrow CAC-40 4,604.64 2.27
Arrow Nikkei 20,376.59 1.31
Arrow H.Seng 24,975.31 1.03
Arrow Sensex 28,171.69 0.13





New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk



Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 06, 2015
Reserves $18.201 bln