UBS Japan unit told to fork out over Libor

Sep 19, 2013

UBS Japan unit told to fork out over Libor

UBS Securities Japan has been ordered to pay a $100 million (¥9.8 billion) fine as part of a global resolution of allegations that it manipulated benchmark interest rates. According to court filings, the Japanese unit of UBS AG, Switzerland’s biggest bank, pleaded guilty in ...

NYSE Euronext to take over Libor oversight

Jul 10, 2013

NYSE Euronext to take over Libor oversight

Britain will hand over administration of the London interbank offered rate (Libor) to the operator of the New York Stock Exchange as regulators try to revive confidence in the scandal-hit benchmark. NYSE Euronext will replace the British Bankers’ Association (BBA) as Libor’s administrator in ...