UBS (UBS +0.87%) is the latest bank shown to be guilty of LIBOR manipulation, reporting the interest rates it would be able to receive in loans from other banks as being higher or lower than they actually were, to influence the standard on which interest rates are based. In this video, Motley Fool analysts Morgan Housel and Matt Koppenheffer discuss just how extensive the repercussions may be, how much of the big Wall Street banks' profit during the bubble years could have been due to LIBOR manipulation, and what could happen to those types of profit levels in the future once regulation in this area is instated.
UBS's "Lie"BOR
By Morgan Housel and Matt Koppenheffer – Jan 1, 2013 at 10:00AM
NYSE: UBS
UBS
Market Cap
$122B
Today's Change
(0.87%) $0.33
Current Price
$38.36
Price as of October 31, 2025 at 3:58 PM ET
UBS admits guilt in the LIBOR scandal and is hit with a very hefty fine.
About the Author
Morgan Housel is the best-selling author of The Psychology of Money and Same as Ever. A former economics and finance columnist for Fool.com and analyst for Motley Fool One, he currently serves as a partner at The Collaborative Fund and on the board of directors at Markel.