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UBS Is Going To Have To Hold A Telethon To Pay Off Its Libor Fine

UBS, Switzerland’s biggest bank, may be fined more than $1 billion by U.S. and U.K. regulators for trying to rig global interest rates, more than double the amount levied against Barclays Plc, according to a person familiar with the probe….The fine will likely be the largest against any bank levied by the U.S. and U.K. authorities in the Libor probes, the person said. [Bloomberg]

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32 Responses to “UBS Is Going To Have To Hold A Telethon To Pay Off Its Libor Fine”

  1. guest says:

    Maybe they can auction off the watches to raise the funds.

  2. Hobbes says:

    I don't know who's dumber; the UBS shareholders who think their shares will some day be profitable or the UBS employees who think they can generate profits.

  3. guest says:

    I'm available to emcee if they throw in a tux.

    -chaz gasparino

  4. Jerry Lewis says:

    UBS sucks

  5. Wherecareersgotodie says:

    February '13 UBS Benefit Concert for Hurricane Carsten victims. Help save the UBS bonus pool…

  6. Guest says:

    I wanted to see if UBS really truly sucks, so I went to Yelp. http://www.yelp.com/biz/ubs-financial-services-ne
    They are rated 3 stars which isn't too bad, but its based on only 1 review. I'm confused.

  7. guest says:

    We're going to fine you $1b

    -SEC

    Hey, your capital ratios are too low!

    -SEC

  8. Texashedge says:

    UBS = Underperforming Bake Sale

  9. guest says:

    I would rather work for UBS than Credit Suisse.

    -Biff

  10. Sally Struthers says:

    I'll help – if we can save Kweku Adoboli also.

  11. guest says:

    Trying to think of something funny about how crappy UBS is has just gotten tiresome

  12. guest says:

    UBS: Wherever there is stupidity, you will find us.
    Barclays: Wherever there is fraud, we'll be there.
    Credit Suisse: Wherever profitability is threatened, you will find…
    All Together: The Three Amigos!

  13. Treasury says:

    UBS needs to merge with Chris Christie to survive

  14. Econ 101 says:

    It's nice that whenever a little money is made at UBS, that there is always a need for it. Perfect example of supply and demand in balance.

  15. Costanza says:

    Don't worry UBS, I'm bringing Danny Tartabull.

  16. Madea of UBS says:

    Is UBS the Lindsay Lohan of Wall Street? Used to be *money evading* hot, had a few shitty bad luck, and now is a complete fine paying mess.

  17. Jealous says:

    Do employees at the SEC get a bonus from this crap

  18. Guest says:

    Ah Fuck.

    – Guy who barely survived the Hurricane Sandy Massacre and probably won't get lucky twice.

  19. Cheers due to this great data. This is basic oriented junk. The item irritates me personally enormously as soon as people in politics speak to folks including many of us were being most drooling.

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