Swiss bank UBS agreed today to pay £940 million to regulators in the biggest penalty yet from the industry's Libor-rigging scandal.
The settlement, which includes a record fine of £160 million from the UK's Financial Services Authority, is far larger than the total of £290 million paid by Barclays for Libor manipulation this summer.
The Zurich-based bank, which has around 6,500 staff in London, has endured a turbulent year after the jailing of rogue trader Kweku Adoboli.
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