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Swiss bank UBS said it had received subpoenas from U.S. and Japanese regulators regarding whether it made “improper attempts” to manipulate LIBOR rates, the benchmark price for interbank borrowing costs.
“UBS understands that the investigations focus on whether there were improper attempts by UBS, either acting on its own or together with others, to manipulate LIBOR rates at certain times,” the bank said in its annual report Tuesday. Get the full story »
Billionaire investor Warren Buffett’s Berkshire Hathaway opened 2011 with a $1.5 billion debt sale on Monday, tapping markets as it customarily does early in the year to refinance maturing notes. Get the full story »
CB Richard Ellis Group Inc. said Thursday it has lined up $1.5 billion in new credit and refinanced $650 million in debt under its credit agreement. Get the full story »
