Exclusive: UBS Chairman proposes industry-wide settlement over Libor

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Exclusive: UBS Chairman proposes industry-wide settlement over Libor

Exclusive: UBS Chairman proposes industry-wide settlement over Libor

Trying to get a sweetheart deal like in the Foreclosure Fraud Settlement that benefited the fraudsters instead of the victims. I see a tsunami of class actions heading thy way.

Reuters-

UBS Chairman Axel Weber raised the possibility of an industry-wide settlement for the rest of the banks involved in the Libor rate fixing scandal at a meeting of top bankers in Davos, sources familiar with the matter said.

Among the top bankers and officials present at the meeting on Thursday were Bank of Canada Governor Mark Carney, JP Morgan Chase Chief Executive Jamie Dimon, Citigroup CEO Mike Corbat and HSBC Chairman Douglas Flint. Carney is due to take over as head of the Bank of England later this year.

[REUTERS]

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One Response to “Exclusive: UBS Chairman proposes industry-wide settlement over Libor”

  1. Yeah I bet they do for every settlement gets themn off the hook for a majestic crime and screws the people. They all need to go to jail.

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