UBS has been fined $1.5B after regulators uncovered more than 2,000 instances of 45 different traders and executives manipulating global interest rates. Their own words ("JUST BE CAREFUL DUDE") speak to their guilt. Two former employees were charged with crimes.
Read more outrageous quotes at BBC and WSJ
Here's an excerpt from the BBC article:
Brokers would also "spoof" the market on behalf of UBS - creating a false illusion that there was more demand on one side of the market than really existed, by advertising bogus requests, in order to influence the interest rates offered by the b...