World | Business

UBS To Pay $1.5 Billion In Fines Over Libor Scandal

NPR | Dec. 19, 2012 2:43 p.m.

Contributed By:

David Kestenbaum

The Swiss bank UBS has agreed to pay $1.5 billion in fines in multiple countries to settle allegations of manipulating the London interbank offered rate and other benchmark interest rates.

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