UBS paid 15,000 pounds a quarter in "corrupt" Libor payments
LONDON (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.
(Reporting by Steve Slater; Editing by Sarah White)
- With no sign of missing plane, search spreads far across land and sea |
- Malaysia military source says missing jet veered to west |
- Toddler found with heroin at New Jersey daycare center
- Ukraine appeals to the West as Crimea turns to Russia |
- UPDATE 1-Missing Malaysian plane last seen at Strait of Malacca-source