UBS Said Facing $1 Bln-plus Fines in Libor Probe

Fines from CTFC, Department of Justice and U.K.'s Financial Services Authority may be announced as soon as next week.

UBS AG, 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 fines from the U.S. Commodity Futures Trading Commission, the U.K. Financial Services Authority and the U.S. Department of Justice may be announced as early as next week, said the person, who asked not to be identified because the information isn’t public. The final figures are still being negotiated and could change, three people familiar with the probes said.

25 People

More than 25 people left UBS after the lender’s own internal probe into rate manipulation, another person familiar with the matter said last month.

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