The fine is not even a tenth of UBS’s annual revenue (expected at $32 billion this year). “Libor rigging was carried out by individuals on behalf of banks. Nine-figure fines paid by the banks, and zero prosecutions of individuals simply passes the tab onto the shareholders and does nothing to root out of the causes of this corruption?” says Cornelius Hurley, a Boston University law professor. “Where is the deterrent effect?” So far, no UBS executives have stepped down. When the scandal broke at Barclays, it led to the CEO’s resignation and a shakeup in the company’s highest offices.  Article