Two Former Senior UBS Traders Face Felony Charges Unsealed Today UBS AG to Pay Substantial Penalty in Agreement Reflecting Substantial Cooperation, Significant Changes
Washington, DC–(ENEWSSPF)–December 19, 2012. UBS Securities Japan Co. Ltd. (UBS Japan), an investment bank, financial advisory securities firm and wholly-owned subsidiary of UBS AG, has agreed to plead guilty to felony wire fraud and admit its role in manipulating the London Interbank Offered Rate (LIBOR), a leading benchmark used in financial products…
