UBS Chair Calls For Industry-Wide LIBOR Settlement

28 Jan 2013

Axel Weber, chairman of UBS, is said to have proposed an industry-wide settlement of banks allegedly involved in manipulation of the London Interbank Offered Rate.

Axel Weber, chairman of UBS, is said to have proposed an industry-wide settlement of banks allegedly involved in manipulation of the London Interbank Offered Rate. UBS reached a EUR1.115 billion ($1.5 billion) settlement last month with regulators in the U.K. and U.S.

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