Ex-UBS Traders Reach Deals In Libor Probe

Law360, New York (August 9, 2012, 12:05 PM EDT) -- Several former UBS AG employees have reportedly struck deals to avoid U.S. criminal charges in exchange for helping prosecutors with their investigation into alleged interest rate manipulation by the bank.

The deals were given to former traders and junior-level employees at the bank, the Wall Street Journal reported Thursday. Only a few of the UBS traders under investigation continue to work at the Swiss bank, which previously fired or suspended some 20 managers and traders after investigating the rate-rigging accusations, according to the newspaper.

A spokeswoman...
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