Skip to main content

U.S. Department Of Justice Prosecutes UBS For LIBOR Manipulation

By May 20, 2015August 18th, 2022News1 min read

The U.S. Department of Justice has, for the first time ever, voided a non-prosecution agreement in order to prosecute UBS. The Swiss bank has been ordered to pay a fine of $203 million as a result of their role in the rigging of LIBOR, but will avoid fines for forex manipulation due to co-operating with authorities. UBS will now have to apply for waivers in order to continue their US operations.

To read more click here.

Leave a Reply