Swiss bank UBS (UBS) has received subpoenas from the U.S. SEC, Commodity Futures Trading Commission and Department of Justice, which are investigating whether the bank has manipulated Libor rates. “UBS understands that the investigations focus on whether there were improper attempts by UBS, either acting on its own or together with others, to manipulate LIBOR rates at certain times,” the bank said in its annual report on Tuesday.
Risk Our Money Not Yours | Get 50% Off Any Account
Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!
Leave a Reply