Daily News: December 3, 2012

Bloomberg: UBS Close to $465MM LIBOR Settlement


Bloomberg is reporting, according to a person with knowledge of the talks, that UBS AG is close to making agreements with regulators to pay more than 290 million pounds ($465 million) to settle allegations traders tried to rig global interest rates.

Bloomberg noted that more than 25 people have already left UBS after the lender’s own internal probe.

To read the full Bloomberg story, click here.