UBS paid 15,000 stg a qtr in "corrupt" Libor payments

LONDON Wed Dec 19, 2012 1:43am EST

LONDON Dec 19 (Reuters) - Britain's financial regulator said UBS made "corrupt payments" of 15,000 pounds per quarter to brokers for at least 18 months to reward them for helping the Swiss bank manipulate global interest rates.

The Financial Services Authority fined UBS 160 million pounds ($260 million) for the misconduct, part of a $1.5 billion penalty imposed on the bank by global authorities on Wednesday.

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