UBS Said to Face $1.6B Libor Penalty

UBS Said to Face $1.6B Libor Penalty Play

UBS AG is set to pay as much as $1.6 billion to settle claims of Libor manipulation by the U.S. Justice Department, the Commodity Futures Trading Commission, the U.K. Financial Services Authority and the Swiss Financial Market Supervisory Authority, said a person familiar with the probes.

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