NYT: UBS Has Impressive Record Of Attracting Scandal, Avoiding Consequences

UBS CEO Sergio Ermotti is shown speaking in Switzerland earlier this year.

The New York Times:

As the Justice Department weighs the possibility of criminal charges in the unfolding Libor rate-setting scandal, it may want to consider the record of the Swiss banking giant UBS.

At UBS, a series of immunity, nonprosecution and deferred prosecution agreements in recent years ? evidently the government?s preferred approach to corporate crime ? seems to have had scant, if any, deterrent effect.

Read the whole story at The New York Times

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Source: http://www.huffingtonpost.com/2012/07/21/ubs-record-scandal_n_1691963.html

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