UBS, HSBC Pen $28M Settlement In Swaps-Rate Class Action

By Bonnie Eslinger (July 11, 2017, 9:09 PM EDT) -- Banking giants UBS AG and HSBC Bank USA NA have each agreed to pay $14 million to settle class action claims that they participated in a conspiracy with other banks to manipulate a benchmark interest rate used to set terms for swaps transactions....

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