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.
    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


    Hey, your capital ratios are too low!


  8. Texashedge says:

    UBS = Underperforming Bake Sale

  9. guest says:

    I would rather work for UBS than Credit Suisse.


  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.

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