U.S. voids interest-rigging settlement with UBS: WSJ
(Reuters) - The U.S. Justice Department has voided a 2012 settlement with UBS AG related to interest-rate rigging, the Wall Street Journal reported on Thursday.
The newspaper, citing current and former government officials, said the move came after more than a year of talks between the Swiss bank and the U.S. government.
It added that the negotiations were expected next week to result in UBS paying a fine of about $200 million and pleading guilty to allegations that UBS traders manipulated the London interbank offered rate, or Libor, before 2012.
(Reporting by Peter Cooney in Washington; Editing by Eric Beech)
© Thomson Reuters 2017 All rights reserved.