EU Targets UBS, RBS In Swiss Franc Rate-Rigging Probe

Law360, New York (January 22, 2014, 6:24 PM ET) -- UBS AG and Royal Bank of Scotland Group PLC, along with at least two other global banks, are the subjects of another investigation by European antitrust regulators into alleged manipulation of benchmark interest rates, this time involving rates linked to the Swiss franc, according to news reports.

JPMorgan Chase & Co. and Credit Suisse Group AG have also reportedly been implicated in the European Commission's third probe into the world's largest banks' alleged tinkering with standard-setting rates such as the London Interbank Offered Rate, which, in turn, affect the...
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