John Maenpaa

@ritchiepage2001

Christian/Patriot/Libertarian-Socialist and I support: AFL-CIO & IWW & ACLU & Occupy & Declaration Of Independence & Constitution #union #iww #WIUnion #occupy

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#union #iww #ows #p2 #tlot #tcot  

UBS to pay $1.5 billion over rate-rigging scandal

http://www.charlotteobserver.com/2012/12/19/3735222/ubs-to-pay-swiss-franc-14b-to.html#storylink=rss

Swiss bank UBS agreed Wednesday to pay $1.5 billion in fines for trying to manipulate a key interest rate that affects borrowers around the world.

The settlement with U.S., British and Swiss regulators caps a tough year for the company and the reputation of the global banking industry. The fine on UBS, which will also see two former traders charged with conspiracy, is triple the amount that British bank Barclays PLC agreed to pay in June to settle similar charges.

And it comes a week after HSBC agreed to pay nearly $2 billion to settle allegations of laundering money for Mexican drug cartels and countries under U.S...

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616 days ago

#union #iww #ows #p2 #tlot #tcot

UBS to pay $1.5 billion over rate-rigging scandal

http://www.charlotteobserver.com/2012/12/19/3735222/ubs-to-pay-swiss-franc-14b-to.html#storylink=rss

Swiss bank UBS agreed Wednesday to pay $1.5 billion in fines for trying to manipulate a key interest rate that affects borrowers around the world.

The settlement with U.S., British and Swiss regulators caps a tough year for the company and the reputation of the global banking industry. The fine on UBS, which will also see two former traders charged with conspiracy, is triple the amount that British bank Barclays PLC agreed to pay in June to settle similar charges.

And it comes a week after HSBC agreed to pay nearly $2 billion to settle allegations of laundering money for Mexican drug cartels and countries under U.S...

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