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UBS Chairman Weber Suggests Industrywide Libor Settlement -Reuters

Date : 01/26/2013 @ 6:16AM
Source : Dow Jones News
Stock : Ubs AG (Switzerland) (UBS)
Quote : 17.94  0.01 (0.06%) @ 5:30AM
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UBS Chairman Weber Suggests Industrywide Libor Settlement -Reuters

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UBS AG (UBS) Chairman Axel Weber, whose company settled allegations involving the London interbank offered rate in December, has suggested an industrywide settlement of the global Libor investigation, Reuters reported Friday.

Mr. Weber's proposal took place at a Thursday meeting that included of top bank leaders and officials, the report said.

Full story at http://www.reuters.com/article/2013/01/25/banks-libor-settlement-idUSL6N0AUCM020130125

Write to nymonitoring@dowjones.com



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