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Ubs Traders Charged, Bank Fined $1.5 Billion In Libor Scandal


Ron Burgundy
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An employee walks past a logo of Swiss bank UBS in ZurichZURICH/NEW YORK (Reuters) - U.S. prosecutors charged two former UBS traders on with taking part in a multi-year scheme to manipulate Libor and other benchmark interest rates, making them the first individuals to be criminally accused in the international scandal. The charges against the two traders, Tom Hayes and Roger Darin, resulted from a broad investigation into the activities of more than a dozen banks in the setting of prices for Libor and related rates. A day after UBS agreed to pay $1. ...




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