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UBS said to be near deal with regulators

Fine seen topping Barclays’ $455 million

Posted: December 4, 2012 at 2:41 a.m.

Pedestrians pass the UBS logo displayed outside the bank’s headquarters in Zurich, Switzerland in October. Switzerland’s biggest lender is said to be nearing a settlement with regulators over allegations traders tried to rig global interest rates.

UBS AG, Switzerland’s biggest lender, is close to agreements with U.S. and U.K. regulators to pay more than $466 million in fines over allegations traders tried to rig global interest rates, a person with knowledge of the talks said.

This story is only available from our archives.

Business, Pages 23 on 12/04/2012

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