By Neil MacLucas
ZURICH-- UBS AG will plead guilty to one count of wire fraud and
pay a $203 million fine for its role in an interest-rate rigging
scheme, after the U.S. Justice Department revoked an earlier
agreement to settle the matter with Switzerland's largest bank.
The bank will also pay a separate $342 million to the Federal
Reserve System for its part in the foreign exchange matter, handing
over $545 million worth of fines in total.
In a statement Wednesday, Zurich-based UBS said the Justice
Department had revoked a non-prosecution agreement after the bank
allegedly violated the terms of a 2012 settlement related to
interest-rate manipulation.
The Justice Department voided the agreement, which specified UBS
would "commit no United States crime whatsoever" for a two-year
period following the settlement, after an investigation into the
global foreign exchange market that included the bank.
UBS said it hasn't been charged in the foreign exchange
investigation and that the new fines won't affect its earnings.
Write to Neil MacLucas at neil.maclucas@wsj.com