UBS nears accord on allegations over Libor

Swiss bank is close to a settlement with US and British regulators over allegations that it tried to manipulate the London interbank offered rate

UBS is nearing a settlement with US and British regulators over allegations that it tried to manipulate the London interbank offered rate, or Libor, according to a person familiar with the settlement talks.

UBS was the first bank to disclose an investigation over Libor practices.

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