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VIDEO:News

UBS Faces $1 Billion Fine Over Libor

Description:UBS is close to finalizing a settlement with U.S. and British authorities in which the giant Swiss bank is likely to pay more than $1 billion to resolve allegations that it attempted to manipulate benchmark interest rates. Colin Barr has details on The News Hub. (3:25)

Source: WSJLive

Tags: UBS Faces $1 Billion Fine Over Libor , benchmark interest rates , swiss bank ubs , swiss banks

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