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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Comments (32)

  1. Posted by guest | December 13, 2012 at 4:15 PM

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

  2. Posted by Hobbes | December 13, 2012 at 11:15 AM

    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. Posted by guest | December 13, 2012 at 11:22 AM

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

    -chaz gasparino

  4. Posted by Jerry Lewis | December 13, 2012 at 11:26 AM

    UBS sucks

  5. Posted by Guest | December 13, 2012 at 11:28 AM

    Well, personally I to carry around a share of UBS just to keep me calm, really drives home the limited liability concept.

  6. Posted by Wherecareersgotodie | December 13, 2012 at 11:32 AM

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

  7. Posted by Guest | December 13, 2012 at 11:42 AM

    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.

  8. Posted by Guest | December 13, 2012 at 11:44 AM

    Hey!

    - Kian Abouhossein

  9. Posted by guest | December 13, 2012 at 11:46 AM

    Original!

  10. Posted by guest | December 13, 2012 at 11:49 AM

    We're going to fine you $1b

    -SEC

    Hey, your capital ratios are too low!

    -SEC

  11. Posted by Texashedge | December 13, 2012 at 12:05 PM

    UBS = Underperforming Bake Sale

  12. Posted by Texashedge | December 13, 2012 at 5:11 PM

    No way. My life before my Swatch

  13. Posted by Guest | December 13, 2012 at 12:19 PM

    If you don't fix these ratios, we shall fine you again.

    - SEC

  14. Posted by guest | December 13, 2012 at 12:25 PM

    I would rather work for UBS than Credit Suisse.

    -Biff

  15. Posted by Sally Struthers | December 13, 2012 at 12:29 PM

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

  16. Posted by Guest | December 13, 2012 at 12:35 PM

    Bitter!

  17. Posted by Guest | December 13, 2012 at 12:37 PM

    Alright alright, we'll do what you say! But… what is a 'capital ratio'? We can move to DC if that helps!?!?

    -UBS Compliance

  18. Posted by guest | December 13, 2012 at 12:37 PM

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

  19. Posted by guest | December 13, 2012 at 12:43 PM

    At least it's not effecting your grammar

  20. Posted by guest | December 13, 2012 at 12:51 PM

    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!

  21. Posted by Treasury | December 13, 2012 at 1:02 PM

    UBS needs to merge with Chris Christie to survive

  22. Posted by Econ 101 | December 13, 2012 at 1:04 PM

    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.

  23. Posted by it's a not e | December 13, 2012 at 1:07 PM

    or yours.

  24. Posted by Costanza | December 13, 2012 at 1:08 PM

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

  25. Posted by Jerry Lewis | December 13, 2012 at 1:11 PM

    Take a number, pal.

  26. Posted by Madea of UBS | December 13, 2012 at 1:22 PM

    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.

  27. Posted by Guest | December 13, 2012 at 1:26 PM

    Feel like it would have worked better as a captain planet spoof, UBS would obviously be Ma-Ti.

  28. Posted by Jealous | December 13, 2012 at 2:49 PM

    Do employees at the SEC get a bonus from this crap

  29. Posted by Guest | December 13, 2012 at 3:45 PM

    Ah Fuck.

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

  30. Posted by Guest | December 13, 2012 at 11:13 PM

    I'd rather work for Jefferies (sorry make that Leucadia) than either of the Swiss !

  31. Posted by Guest | December 14, 2012 at 1:47 AM

    Maybe they should have that bake sale after all

  32. Posted by Pay Date Auction | September 16, 2013 at 7:02 AM

    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.