UBS to RBS Said to Be in EU Talks Over Franc Libor Fines
UBS AG (UBSN) and JPMorgan Chase & Co. (JPM) are among at least four banks in talks to settle a third European Union probe into derivatives linked to benchmark rates such as Libor, according to three people familiar with the case.
Credit Suisse Group AG (CSGN) and Royal Bank of Scotland Group Plc are also negotiating an accord with EU antitrust officials related to the Swiss franc Libor rate, said the people, who asked not to be named because the discussions are private. EU cartel settlements typically involve an admission of liability and fines.