Saturday, July 21, 2012

Ubs record scandal

  • As the Justice Department weighs the possibility of criminal charges in the unfolding Libor rate-setting scandal, it may want to consider the record of the Swiss banking giant UBS.
  • (New York Times)
  • JPMorgan Chase Co. (JPM) (JPM)'s trading loss of at least $2 billion, the alleged $2.
  • (Businessweek)
  • Not only has the scandal dealt another blow to the self-regulatory model Chase Co's $4.4 billion trading loss and the alleged $2.3 billion fraud at UBS AG.
  • (Gulf News)
  • Earlier this month, Barclays was fined a record $450 million by U.S. and UK regulators panel to clarify his position after questions over his role in the scandal.
  • (FOXBusiness)
  • The scandal is already Bank of America and UBS are among the banks being investigated over allegations that they colluded to fix rates between 2005 and 2007.
  • (The Guardian)
  • We've only seen the tip of the iceberg, yet the LIBOR rate rigging scandal has rocked the financial world JPMorgan Chase, HSBC, UBS, Bank of Tokyo-Mitsubishi UFJ, Société Générale, BNP Paribas and the Royal Bank of Scotland.
  • (bostinno.com)
  • For this reason, we have not suffered a significant tax scandal involving a nominee or sitting president Our only tool is to reconstruct his financial record from what he has released.
  • (The Business Insider)
  • The launch of the two reviews comes just days after the FSA fined Barclays £290 million for its role in the Libor-fixing scandal.
  • (Daily Telegraph)

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