Tag: Benchmark

UBS faces $1 billion fine for Libor rigging: source

Swiss bank UBS (UBSN.VX) faces a fine of about $1 billion next week to settle charges of rigging the Libor interest rate benchmark, a person familiar with the situation said on Thursday. Such a penalty would be more than double the $450 million fine levied on British bank Barclays (BARC.L) […]