HSBC, UBS settle U.S. rate-rigging litigation; total payout tops $408 million

July 11, 2017 by  
Filed under News

NEW YORK (Reuters) – HSBC Holdings Plc and UBS Group AG have each agreed to pay $14 million to settle private U.S. litigation accusing them of rigging an interest rate benchmark used in the $483 trillion derivatives market.

Source: Reuters Business News

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