You are not going to believe the deal the Justice Dept, made with this bank.. [View all]

[dixiegrrrrl]

Here's the deal:
UBS got caught in the Libor rigging scandal, got off scott free by promising to NOT BREAK THE LAW FOR 2 YEARS
and now it seems it could not keep its promise!
It rigged the currency markets, along with other banks, after the plea deal.

This is how Boomberg puts it:

Currently, UBS is among the five banks that are poised to reach settlements with U.S. regulators over allegations that they manipulated currency markets, people familiar with the situation have said. Four of them -- Citigroup Inc., JPMorgan Chase & Co., Barclays Plc and Royal Bank of Scotland Group Plc -- will likely enter pleas related to antitrust violations, people familiar with the talks have said.

UBS’s cooperation in the currency probe may help shield it from antitrust charges in that matter.
However, the bank is still exposed to fraud charges in that case, and any admission of wrongdoing could also put it in violation of an earlier deal the Zurich-based bank struck with the Justice Department.

In a December 2012 non-prosecution agreement with the U.S. to resolve a worldwide investigation into the manipulation of the London interbank offered rate, or Libor, UBS promised not to commit crimes for two years.

http://www.bloomberg.com/news/articles/2015-05-12/u-s-said-set-to-rip-up-ubs-libor-accord-seek-conviction