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UBS fined $1.5bn for Libor rigging
Markets
by Sarah Miloudi on Dec 19, 2012 at 08:12
'They manipulated UBS’s submissions in order to benefit their own positions and to protect UBS’s reputation, showing a total disregard for the millions of market participants around the world who were also affected by Libor and Euribor.'
UBS's fine follows a cross-border investigation into the bank, and the FSA said it was pursuing a number of other investigations into Libor fixing.
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