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UBS Expected to Pay $1B for Manipulating Interests Rates

Posted: Dec. 13th, 2012  |  By DailyLuxe News

Photo: Thinkstock

What is the name of that bank again? 

Another day brings us another superbank in the hot seat for wrongdoings. British, Swiss, and U.S. authorities are in discussions with Swiss bank UBS to finalize the amount the bank will pay authorities for its role in manipulating interest rates.

UBS is in discussions with United States, British and Swiss authorities, and an announcement could come as early as Monday, according to people briefed on the matter who spoke on the condition of anonymity because the talks were private.

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