$1.5 billion fine on UBS over Libor manipulation
Swiss bank UBS has been fined $1.5 billion over the manipulation of Libor benchmark rate.
It is the second biggest fine ever on a global bank after HSBC which was recently fined a record $1.92 billion after being accused by U.S. prosecutors of failing to enforce rules designed to prevent money laundering.
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Month: Current Affairs - December, 2012