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>> UBS AG Latest News

12 HOURS AGO - Huffington Post

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3 Of The 5 Big Bank Guilty Pleas Aren't All That They Seem To Be

The Obama administration on Wednesday announced what for years had seemed inexplicably unattainable: guilty pleas from the parent corporations of some of the world's largest banks. Barclays Plc, Citigroup Inc., JPMorgan Chase & Co. and Royal Bank of Scotland Group Plc pled guilty to manipulating foreign exchange markets and UBS Group AG to manipulating a key financial benchmark, in what ...

Tags: 3 Of The 5 Big Bank Guilty Pleas Aren't All That They Seem To Be,  Ubs Ag Latest News

18 HOURS AGO - Zero Hedge

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SEC Commissioner Furious That SEC Has Made A Mockery Of "Recidivist Criminal Behavior" By Banks

Yesterday, in the aftermath of the latest settlement by the world's biggest banks, who finally admitted they have criminally rigged virtually all markets since the Great Financial Crisis (and prior) despite promising repeatedly they would not do that after having been caught time and again and punished with ever "harsher" wristslaps, we wrote that the "Public Is Confused Why World's ...

Tags: SEC Commissioner Furious That SEC Has Made A Mockery Of "Recidivist Criminal Behavior" By Banks,  Ubs Ag Latest News

MAY 20, 2015 - Washington Business Journal

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Banks pay big for illegal activity

Five banks will plead guilty to felony charges totaling billions in fines. Citicorp, JPMorgan Chase & Co., Barclays PLC and The Royal Bank of Scotland plc will plead guilty for “conspiring to manipulate the price of U.S. dollars and euros exchanged in the foreign currency exchange spot market.” UBS AG will plead guilty to “manipulating the London Interbank Offered Rate ...

Tags: Banks pay big for illegal activity,  Ubs Ag Latest News

MAY 20, 2015 - Yahoo! News

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Global banks admit guilt in forex probe, fined nearly $6 billion

By Karen Freifeld, David Henry and Steve Slater NEW YORK/LONDON (Reuters) - Four major banks pleaded guilty on Wednesday to trying to manipulate foreign exchange rates and, with two others, were fined nearly $6 billion in another settlement in a global probe into the $5 trillion-a-day market. Citigroup Inc , JPMorgan Chase & Co , Barclays Plc , UBS AG ...

Tags: Global banks admit guilt in forex probe, fined nearly $6 billion,  Ubs Ag Latest News

MAY 20, 2015 - Business Insider

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Wall Street gets slammed with $5.8 billion in fines for rate rigging

The fines are rolling in for Wall Street in connection with the 2008 LIBOR currency market and interest rate rigging scandal. Six banks have agreed to pay a combined $5.8 billion in connection with the LIBOR scandal. Five of them have pleaded guilty to criminal charges. Citicorp, JPMorgan, Barclays, and RBS are pleading guilty to charges tied to forex manipulation, ...

Tags: Wall Street gets slammed with $5.8 billion in fines for rate rigging,  Ubs Ag Latest News