LIBOR fine could top $1 billion

The fine UBS will pay to settle claims it manipulated Libor, a key benchmark interest rate, could top $1bn, people familiar with the investigation have told the Financial Times.

A fine in excess of $1bn would be more than double the record penalty paid by Barclays, which settled a Libor investigation in June by paying $450m ... READ MORE

Released by the Financial Times - 13 December 2012