UBS Japan Fined $100M For Libor Manipulation

Law360, New York (September 18, 2013, 9:24 PM EDT) -- A Connecticut federal judge on Wednesday approved a $100 million fine as part of a plea agreement between the federal government and UBS Securities Japan, which had pled guilty to secretly manipulating Libor benchmark interest rates.

Combined with more than $1 billion in regulatory penalties and disgorgement already imposed, Wednesday’s criminal penalties bring the total price paid by UBS to more than $1.5 billion. UBS pled guilty in December and agreed to the jointly proposed penalty last week.

“Through its guilty plea and sentence, UBS has...
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