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UBS AG Expects To Pay At Least $1 Billion To Settle Rate Case-NYT


Thursday, 13 Dec 2012 01:30pm EST 

The New York Times reported that UBS AG is close to finalizing a settlement with authorities over the manipulation of interest rates, a deal that is expected to include at least $1 billion in fines. UBS is in discussions with United States, British and Swiss authorities, and an announcement could come as early as Monday, according to people briefed on the matter who spoke on the condition of anonymity because the talks were private. 

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