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Libor Traders Are Said to Avoid Charges in U.K. Probe -Bloomberg

Traders suspected of manipulating the London interbank offered rate, or Libor, are unlikely to face criminal charges in a U.K. regulatory probe, Bloomberg News reported Wednesday, citing people with knowledge of the matter. The banks that employed the traders, however, could face record fines, according to the report. Royal Bank of Scotland Group PLC (RBS.LN), UBS AG (UBS), Deutsche Bank AG (DBK.XE), and Citigroup Inc. (C) are among the institutions being investigated by regulators worldwide. U.S. Securities and Exchange Commission and Commodities Futures Trade Commission officials have been present at some interviews the U.K. Financial Services Authority are holding with traders, Bloomberg reported, citing sources. Spokesmen for the FSA, CFTC and SEC declined to comment, Bloomberg reported. Full story at http://www.bloomberg.com/news/2012-06-13/libor-traders-said-to-avoid-charges-in-british-probe.html Write to nymonitoring@dowjones.com

Stock News for Ubs (UBS)
DateTimeHeadline
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04/15/201615:20:00Iran's Central Bank Chief Warns Banking-Access Issues Jeopardize...
04/14/201608:30:00Ex-UBS Trader Fights U.K. Ban for Alleged Rate-Rigging
04/13/201608:40:00Regulators Reject 'Living Wills' of Five Huge U.S. Banks
04/11/201622:42:00UBS Preferred Funding Trust V Files Notice of Redemption
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04/07/201607:00:00Swiss Banks at Risk of Harboring Corruption Proceeds, Says Regulator

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