Guilty Plea Expected In Rate Scandal
RENEE MONTAGNE, HOST:
NPR's business news starts with a possible plea and fine.
The bank UBS has been in the middle of a huge investigation into manipulating interest rates. This morning, there are several reports that a subsidiary of UBS is making a settlement deal with U.S., British and Swiss officials. The New York Times says federal prosecutors are close to securing a guilty plea from the bank and it could face a billion in fines.
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