UBS

The Financial Services Authority (FSA) has fined UBS £9.45m for failures in the sale of the AIG Enhanced Variable Rate fund.

The Financial Services Authority (FSA) has extended its investigation into firms suspected of attempting to manipulate the London inter-bank offered rate (LIBOR) to interdealer broker ICAP, according to a report in the Financial Times (FT).

The scale of the fine due to be levied on the Royal Bank of Scotland (RBS) for its attempts to manipulate the Libor interest rate could be as high as £500m, according to reports.

UBS is to pay out $1.5bn in fines after it admitted its role in fixing the interbank lending rate.

Royal Bank of Scotland is still in negotiations with the Financial Services Authority (FSA) over how much it will have to stump up for its role in the LIBOR manipulation scandal.

Swiss bank UBS is expected to receive a $1bn fine, to settle LIBOR manipulation allegations, according to reports.

The Financial Services Authority (FSA) has fined UBS (UBS) £29.7m for systems and controls failings that allowed an employee to cause substantial losses totalling US$2.3bn as a result of unauthorised trading. 

UBS could be hit with a record penalty by the Financial Services Authority (FSA) next week following the rogue trade which cost the bank $2.3bn.

Former UBS trader Kweku Adoboli has been found guilty of one count of fraud by a jury after a trial investigating the $2.3bn rogue trade at the Swiss bank, according to reports.

Banking giant UBS could cut thousands of jobs in London as part of a plan to split its operations.