Bank plans to withdraw from Euribor-setting panel

03/19/2013 | Reuters · Bloomberg · Wall Street Journal, The

UBS says it will withdraw from the panel that sets the Euro Interbank Offered Rate. "We have decided to withdraw from the Euribor panel and to focus on our core funding markets, Swiss franc and U.S. dollar," a spokesman said. UBS previously pulled out of the Australian rate panel, while Rabobank announced in January that it would no longer participate on the Euribor panel.

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Reuters · Bloomberg · Wall Street Journal, The

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