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RPT-UBS pays $1.5 bln to settle Libor rigging in Japan

Wed, 19th Dec 2012 06:19

ZURICH, Dec 19 (Reuters) - UBS said it will pay1.4 billion Swiss francs ($1.53 billion) and admit wrongdoing atits Japanese arm to settle a wide-ranging, multi-regulator probeinto how the Swiss bank's traders manipulated yen Libor andeuroyen contracts. The Swiss bank's fine is second-largest ever levied againsta bank, after Britain's HSBC last week agreed to pay$1.92 billion to settle a probe in the United States intolaundering money for drug cartels. [ID: nL4N09L1YE]

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