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UBS to pay Swiss franc 1.4B to settle Libor case

Geneva (AP) - Swiss bank (UBS) has agreed to pay 14 billion Swiss francs ($1.53 dollars) fine to solve, it helps to control London interbank interest rates Banks benchmark survey.
Ubs said on Wednesday, its board of directors has approved and the United States, Switzerland and the United Kingdom financial regulators settlements.
Switzerland is one of the biggest bank, according to a survey, some of the leading Banks may control the London interbank interbank rate, for the London interbank interbank rate. London interbank interbank rate is used to set up trillions of dollars contract, around the world, including mortgage loans and credit card interest rate.
The proposed agreement with the United States justice department, UBS agree, input line about fraud control some benchmark interest rate to a.




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