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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
12/17/201421:30:39Australian State to Begin Power-Network Sale
12/17/201421:05:17Australian State to Proceed with A$20 Billion Power-Network Sale
12/17/201416:09:46UBS Loses Appeal in French Tax Evasion Probe
12/08/201419:07:23Merrill Recruits Advisers From UBS, Citi -- Street Moves
12/08/201419:03:33UBS Advisers With $3.5 Million in Production Depart for Wells--Street...

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