UBS Japan pays US $100 mn in Libor rate-fixing case

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UBS Japan pays US $100 mn in Libor rate-fixing case (via AFP)

A federal judge Wednesday signed off on a $100 million fine on UBS’s Japan subsidiary, part of a larger global crackdown on the Swiss banking giant in the Libor rate-rigging scandal. US District Judge Robert Chatigny sentenced UBS Securities Japan Co…

Fastenal: Why Being Cheap Works As a Business Strategy

FastenalFastenal is one of the best-performing stocks of the past decade. Since the beginning of January 2010, shares in the industrial distribution company have yielded an average annual return of 16%, turning every $10,000 invested into $44,264. Q2 2020 hedge fund letters, conferences and more In many ways, Fastenal is not the sort of business Read More