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Violation Tracker Individual Record

Company: UBS AG
Current Parent CompanyUBS
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $68,000,000
Year: 2018
Date: December 21, 2018
Offense Group: competition-related offenses
Primary Offense: interest rate benchmark manipulation
Violation Description: UBS AG paid $68 million to settle multistate litigation alleging fraudulent and anticompetitive conduct involving the manipulation of LIBOR--a benchmark interest rate that affects financial instruments worth trillions of dollars and has a widespread impact on global markets and consumers.
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
HQ Country of Current Parent: Switzerland
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking & securities
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.