We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| UBS Group AG | NYSE:UBS | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.41 | 1.53% | 27.23 | 27.24 | 26.975 | 27.13 | 2,124,016 | 01:00:00 |
From May 2019 to May 2024
By Neil MacLucas
ZURICH-- UBS AG will plead guilty to one count of wire fraud and pay a $203 million fine for its role in an interest-rate rigging scheme, after the U.S. Justice Department revoked an earlier agreement to settle the matter with Switzerland's largest bank.
The bank will also pay a separate $342 million to the Federal Reserve System for its part in the foreign exchange matter, handing over $545 million worth of fines in total.
In a statement Wednesday, Zurich-based UBS said the Justice Department had revoked a non-prosecution agreement after the bank allegedly violated the terms of a 2012 settlement related to interest-rate manipulation.
The Justice Department voided the agreement, which specified UBS would "commit no United States crime whatsoever" for a two-year period following the settlement, after an investigation into the global foreign exchange market that included the bank.
UBS said it hasn't been charged in the foreign exchange investigation and that the new fines won't affect its earnings.
Write to Neil MacLucas at neil.maclucas@wsj.com
1 Year UBS Chart |
1 Month UBS Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
