Yesterday was going through an article on Bloomberg that  How UBS Could Survive a Guilty Plea in the Libor Scandal, imagesreading forward the article says the settlement may include $1 billion in fines, and the New York Times adds that a guilty plea on criminal charges may also be part of the deal. That second piece is big news: It would make UBS the first big bank to plead guilty in more than a decade.

I did post almost a year back, but when I see today the scandals are now more in public compare to last year and the post holds true to the words. They are much more bigger now Continue reading