About three dozen bankers and senior managers will be implicated in the alleged rigging of Libor interest rates when UBS settles with global regulators later this week, according to people familiar with the matter.
UBS is close to finalising a deal with UK, US and Swiss authorities in which the bank will pay close to $1.5bn and its Japanese securities subsidiary will plead guilty to a US criminal offence.
Terms of the guilty plea were still being negotiated, one person familiar with the matter said yesterday, adding that the bank would not lose its ability to conduct business in Japan.
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