UBS Unit Is Said To Be Close To Guilty Plea In Rate-Rigging Scandal

In this March 12, 2008 file photo, dark clouds hang above the logo of the UBS in Zurich, Switzerland. (AP Photo/Keystone, Alessandro Della Bella, File)

Dealbook:

Federal prosecutors are close to securing a guilty plea from a UBS subsidiary at the center of a global investigation into interest rate manipulation, the first big bank to agree to criminal charges in more than a decade.

Read the whole story at Dealbook

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Source: http://www.huffingtonpost.com/2012/12/13/ubs-libor-settlement_n_2297690.html

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