Stock Market & Financial Investment News

News Breaks December 19, 2012 11:17 EDT UBS DOJ files charges against UBS Securities Japan for LIBOR manipulation The Justice Department is filing a criminal information charging UBS Securities Japan – a subsidiary of the multinational financial institution UBS – with felony wire fraud for engaging in a scheme to manipulate the London Interbank Offered Rate, or LIBOR – a key benchmark for financial products and transactions around the world. The company has agreed to plead guilty to this charge, to admit to its criminal conduct, and to pay a $100M fine. UBS AG – the parent company of UBS Japan – has agreed to pay a penalty of $400M to the U.S government; to admit and accept responsibility for its misconduct; and to continue cooperating with the Department’s ongoing investigation as part of a non-prosecution agreement. Combined with roughly $1 billion in regulatory penalties and disgorgement, these criminal fines and penalties bring today’s total resolution to approximately $1.5B. The non-prosecution agreement illustrates the significant steps that UBS has taken to help investigators uncover LIBOR misconduct, and to implement remedial measures strengthening the company’s internal controls. Reference Link News For UBS From The Last 14 Days Check below for free stories on UBS the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. June 19, 2013 11:25 EDT UBS Swiss lawmakers reject U.S. tax deal in final vote, Reuters says Subscribe for More Information June 18, 2013 07:29 EDT UBS Securities Industry and Financial Markets Association to host a conference Subscribe for More Information 07:14 EDT UBS Ex-UBS trader charged by U.K. in Libor case, Reuters says Subscribe for More Information June 17, 2013 14:20 EDT UBS Criminal charges likely in Libor case, WSJ reports Subscribe for More Information June 7, 2013 07:21 EDT UBS France increases tax investigation of UBS, reports Reuters Subscribe for More Information June 5, 2013 16:51 EDT UBS UBS CEO says no need to raise more capital Subscribe for More Information Sign up for a free trial to see the rest of the stories you've been missing.