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Tag Archives: ubs

Wells Fargo agrees to pay $37M in bid-rigging case

DES MOINES, Iowa — Wells Fargo & Co. said Tuesday it has agreed to pay at least $37 million in a lawsuit which alleges several banks rigged bidding competitions to win business from state and local governments. Banks help municipalities ...

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UBS agrees to pay $160M in municipal bond settlement

WASHINGTON — Big Swiss bank UBS AG has agreed to pay $160 million to resolve allegations of rigging the bidding process to win investment business from cities and towns in 36 states. Federal and state officials announced the settlements Wednesday. ...

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