UBS Nears Libor Settlement, B of A Forgets About Fees (for Now) While its CEO Forgets About Everything
2012-12-03 — americanbanker.com
``UBS is expected to reach a settlement with U.K. and U.S. authorities over its involvement in the London interbank offered rate-rigging scandal by the end of this year, several news outlets are reporting this morning. Even more notable is the fact that this settlement is expected to supersede the $450 million Barclays agreed to pay over similar charges. (A unnamed FT source "close to the talks" estimates the fine is likely to be higher than $500 million.) ''
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