December 13, 2012 / 4:00 PM / 5 years ago

UBS faces $1 billion fine for Libor rigging - source

LONDON, Dec 13 (Reuters) - Swiss bank UBS faces a combined fine of about $1 billion to settle charges of rigging the Libor interest rate benchmark early next week, a person familiar with the situation said on Thursday.

"The global settlement is about $1 billion. It's expected early next week, on Monday or Tuesday," the source said.

UBS declined to comment.

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