UPDATE 8-UBS traders charged, bank fined $1.5 bln in Libor scandal

Thu Dec 20, 2012 12:08am EST

* Hong Kong launches new investigation

* Two comparison UBS traders criminally charged in U.S.

* UBS fined $1.5 billion – second-largest excellent ever levied
on bank

* Penalty will dilate UBS Q4 loss

By Katharina Bart and Tom Miles and Aruna Viswanatha

ZURICH/NEW YORK Dec 19 (Reuters) – U.S. prosecutors charged
two former UBS traders on with holding partial in a
multi-year intrigue to manipulate Libor and other benchmark
interest rates, creation them a initial people to be
criminally indicted in a general scandal.

The charges opposite a dual traders, Tom Hayes

Read full article: http://www.nytimes.com/2012/12/18/opinion/dont-blame-autism-for-newtown.html

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Source:
http://www.ezonearticle.com/2012/12/19/update-8-ubs-traders-charged-bank-fined-1-5-bln-in-libor-scandal/