UBS agrees to pay £940 million for Libor rigging

UBS has agreed to pay £940 million in penalties to settle the Libor interest rate manipulation case.

The penalty was agreed with US, UK and Swiss regulators.

UBS bank in the city of London
UBS bank in the city of London Credit: Press Association

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UBS fined £940m for rate-rigging

Swiss bank UBS has agreed to pay £940 million in penalties over fixing the Libor interbank lending interest rate. The penalty was agreed with US, UK and Swiss regulators. It is to pay a record £160 million fine to the Financial Services Authority.