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The Boston Globe

Business

UBS near deal in Libor manipulation case

LONDON — The Swiss financial giant UBS is close to finalizing a settlement with authorities over the manipulation of interest rates, a deal that is expected to include at least $1 billion in fines.

UBS is in discussions with US, British, and Swiss authorities, and an announcement could come as early as Monday, said people briefed on the matter who spoke on the condition of anonymity.

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