Tags: ubs

Bloomberg: Time For Executive Prosecution in LIBOR Case

December 20th, 2012
in econ_news, syndication

Econintersect:  On 19 December 2012 the editors at Bloomberg called for the prosecution of executives at UBS for roles in the LIBOR (London Interbank Offered Rate) scandal.  The Swiss bank paid fines totaling $1.5 billion this week for their role in the… more »

UBS: $1.5 Billion LIBOR Settlement

December 19th, 2012
in econ_news, syndication

Econintersect:  Another mega bank is making a cost of doing business payment to the Swiss bank regulator FINMA (Financial Market Supervisory Authority, FSA (UK Financial Services Authority)  and the U.S. Department of Justice and the CFTC (Commodities Fu… more »

LIBOR Scandal: Another Billion of Chump Change

December 14th, 2012
in econ_news, syndication

Econintersect:  It was reported today (13 December 2012) that UBS (Union Bank of Switzerland, NYSE:UBS) is about to reach a deal with U.S. and U.K. authorities to settle for its malfeasance in the LIBOR interest rate fixing scandal.  The amount the bank… more »

Firm, Executives Guilty in Muni Bond Fraud

January 14th, 2012
in econ_news

Econintersect:  A month ago GEI News reported on an SEC (Securities and Exchange Commission) settlement with Wachovia bank (now a part of Wells Fargo – NYSE:WFC) over charges that the bank committed multiple frauds in rigging muni bond auctions over a pe… more »

SEC: Wachovia Rigged Muni Bids

December 10th, 2011
in econ_news

Econintersect:  Following the continuation break is a press release dated December 8, 2011 by the SEC (Securities and Exchange Commission) which alleges that Wachovia bank (now a part of Wells Fargo – NYSE:WFC) perpetrated fraud in the auctioning of muni… more »

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