Union Bank of Switzerland | South China Morning Post
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Union Bank of Switzerland

UBS facing US$1.6b penalty to settle Libor claims

UBS is set to pay as much as US$1.6 billion to settle claims of Libor manipulation by the US Department of Justice, the Commodity Futures Trading Commission, the British Financial Services Authority (FSA) and the Swiss Financial Market Supervisory Authority, said a person

Tuesday, 18 December, 2012, 4:43am

Britain's Serious Fraud Office arrests three in Libor-tampering scandal

Britain is probing claims of Libor-rigging. Photo: Bloomberg

Britain's Serious Fraud Office (SFO) and City of London Police made the first three arrests in global probes into tampering with benchmark interest rates, notably the London interbank offered rate (Libor).

12 Dec 2012 - 4:13am

Business Digest, December 4, 2012

UBS nears rate-fixing deals with US, Britain

HK$8.9m in bonus shares for HKEx chief

Hong Kong Exchanges and Clearing has awarded chief executive Charles Li Xiaojia shares worth HK$8.92 million as a long-term incentive. The HKEx board also approved HK$103.48 million for the purchase of shares to be awarded to other selected employees. Enoch Yiu


Greece to spend €10b on bond buy-back

4 Dec 2012 - 3:10am