U.S. prosecutors have agreed to shield several former UBS AG
employees from criminal charges in return for their cooperation with the
escalating investigation of suspected interest-rate manipulation, according to
a person close to the probe, the WSJ told us.
The leniency deal was offered to former traders and other
employees who had relatively junior-level jobs at the Swiss bank, the person
said.
No more than a few of the UBS employees under investigation
for alleged interest-rate manipulation still work there, and the company has
fired or suspended about 20 traders and managers as a result of the four-year
inquiry, another person familiar with the ...
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