Reuters: UBS says to settle FX probe, pay $545 million, plead guilty over Libor

#AceFinanceNews - May.20: UBS alleged rigging of libor pays the price. 

UBS says to settle FX probe, pay $545 million, plead guilty over Libor

UBS said on Wednesday it has settled a probe by U.S. authorities over alleged rigging of currency markets by agreeing to pay $545 million (341 million pounds) in combined fines and pleading guilty to one count of wire fraud in a separate matter.

The Swiss bank's disclosure comes as part of what is expected to be a combined bill of more than $5 billion and criminal charges for five of the world's biggest banks in a settlement with U.S. and British authorities over the foreign exchange probe.

UBS said its settlement includes a $203 million penalty for pleading guilty to allegations it rigged Libor benchmark interest rates. 

The Zurich-based bank originally reached a settlement on that matter in 2012, but U.S. justice officials cancelled an agreement not to prosecute UBS over Libor as the forex probe mushroomed. The bank at one stage received a conditional immunity over forex, because it was the first firm to report the misconduct to U.S. officials.

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Reuters: Asia shares slip, but upbeat Japan GDP lifts Nikkei to 15-year high

#AceFinanceNews - Asia:May.20: TOKYO (Reuters) - Asian shares slipped on Wednesday after a mixed day on Wall Street, though Japan's better-than-expected economic growth lifted the Nikkei to a 15-year high.

The dollar scaled a two-month high against the yen after upbeat U.S. housing data, and as the euro remained pressured by expectations that the European Central Bank would increase its bond-buying stimulus as well as on fresh concerns about Greece.

Asia shares slip, but upbeat Japan GDP lifts Nikkei to 15-year high

Asian shares slipped on Wednesday after a mixed day on Wall Street, though Japan's better-than-expected economic growth lifted the Nikkei to a 15-year high.

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Article: BRUSSELS: ' TOUGHER REGULATIONS & TRANSPARENCY RULES ON CORPORATIONS & BANKS SEES RISES IN EU LOBBYING COSTS '

BRUSSELS: ' TOUGHER REGULATIONS & TRANSPARENCY RULES ON CORPORATIONS & BANKS SEES RISES IN EU LOBBYING COSTS '
http://acefinance.me/2015/05/02/brussels-tougher-regulations-transparency-rules-on-corporations-banks-sees-rises-in-eu-lobbying-costs/

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