Description: UBS AG (UBSN)’s $1.5 billion fine for rigging global interest rates expands the scandal to include bribery and highlights the influence of a trader in Tokyo who colluded with other banks to align their submissions.
Date: Dec 19, 2012
Questions for Discussions:
- What does this report say about the manner in which the manipulation of rates was conducted and the people involved?
- What should regulatory officials do?
- How will investors be affected by these revelations?