Tag Archives: global banking

UBS Libor Conspiracy — Foreign Subsidiary Pleads Guilty — Why Not the Parent Corp. Also?

A Japanese subsidiary of the Swiss bank UBS plead guilty for conspiring to fix LIBOR rates. The concern among many is why the Justice Dept. did not also insist on a similar plea by its parent Swiss corporation. “UBS Admits … Continue reading

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Global Banking and Gaming LIBOR – Joint Cross-Border Enforcement, Finally.

Joint cross-border investigations by the U.S. (Commodity Futures Trading Commission , the U.S. Dept. of Justice) and the U.K. (Serious Fraud Office) have resulted in an agreement by Barclays PLC to pay $453 million in fines for illegally manipulating the inter-bank rate, LIBOR. These agreements … Continue reading

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