Comment on Swiss Bank UBS Pleading Guilty To Wire Fraud, Settles U.S. Legal Cases For $545 Million

Swiss Bank UBS Pleading Guilty To Wire Fraud, Settles U.S. Legal Cases For $545 Million

BERLIN (AP) — Swiss bank UBS says it is pleading guilty to wire fraud and is paying $545 million to settle U.S. cases of market manipulation. The bank said Wednesday that under the deal with U.S. authorities it will be granted conditional immunity from prosecution in a Department of Justice probe on the manipulation of foreign exchange rates.

 

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