UBS AG (UBS) announced today that its Board of Directors has authorized settlements with the US Department of Justice and Commodity Futures Trading Commission in connection with their investigations of benchmark interest rates. The proposed settlement with the CFTC is subject to the Commission’s approval.
UBS has reached a settlement with the UK Financial Services Authority concerning its investigation. The Swiss Financial Market Supervisory Authority will also issue an order concluding its formal proceedings with respect to UBS.
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