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SEP 18, 2013 - Yahoo! News

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U.S. judge orders UBS unit in Japan to pay $100 million over Libor

(Reuters) - A Japanese investment banking unit of UBS AG was ordered on Wednesday to pay a $100 million criminal fine after pleading guilty to wire fraud in connection with its role in the manipulation of the benchmark interest rate Libor. UBS Securities Japan Co had entered its plea last December 19, one day after its Zurich-based parent agreed to pay about $1.5 billion in penalties to resolve criminal, civil and regulatory probes by authorities in the United States, the United Kingdom, Switzerland and Japan into alleged rate manipulation. The U.S. ...

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