NHTSA fines Fiat Chrysler record $105 mlllion over safety recall lapses

Business Jul 27, 2015

NHTSA fines Fiat Chrysler record $105 mlllion over safety recall lapses

The U.S. auto safety watchdog, toughening its stance against manufacturer defects, announced on Sunday a record $105 million in fines against Fiat Chrysler Automobiles NV over lapses in safety recalls involving millions of vehicles. The Italian-U.S. automaker's consent agreement with the National Highway Traffic Safety ...

UBS Japan unit told to fork out over Libor

Business / Corporate 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 December ...