Focus
Swiss banks
UBS to Pay $1.5 Billion to Settle LIBOR Rigging Allegations
Swiss bank UBS was fined $1.5 billion to settle allegations of LIBOR-rigging, as regulators are cracking down on unscrupulous behavior among big banks.
Swiss Banks Stand to Lose Hundreds of Billions
Hundreds of billions of dollars could be moved out of Swiss banks as clients attempt to flee a coordinated crackdown on tax evasion, UBS’s Jurg Zeltner told magazine Schweizer Bank on Sept. 17.
