Money | UBS Libor Scandal to Cost UBS $1.6B: Report That's 3 times Barclays' penalty By Matt Cantor Posted Dec 17, 2012 9:40 AM CST Copied In this March 12, 2008 file photo, dark clouds hang above the logo of UBS in Zurich, Switzerland. (AP Photo/Keystone, Alessandro Della Bella, File) UBS will pay $1.6 billion to settle with US and European officials in the Libor rate-fixing scandal, an insider tells Bloomberg—a penalty more than three times the size of what Barclays ponied up. Meanwhile, US officials are set to charge bankers in the manipulation of Tokyo interbank lending rates, according to another Bloomberg source. The Japanese arm of UBS is poised to plead guilty to rate-fixing since 2007. Last week saw three UK arrests in the scandal. Read These Next White House makes Hegseth put his polygraph away. A new book argues the Sacagawea legend is all wrong. A family hike took a tragic turn in Arkansas on Saturday. US denies visas to Venezuelan team bound for Little League tournament. Report an error