Most Active Stories
- Equality in Alabama? Same-Sex Marriage Reactions
- Alabama Universities Receive Accreditation Warning
- Alabama's Reaction to U.S. Supreme Court's ruling on Same Sex Marriage, Child Care sickness suits
- Same-Sex Marriage couples having trouble getting marriage licenses, Veteran honored in Sylacauga
- Tama the Stationmaster Cat
Wed December 19, 2012
Originally published on Thu December 20, 2012 4:44 am
STEVE INSKEEP, HOST:
NPR's business news begins with a global bank settlement.
It's the big Swiss bank, UBS. It announced this morning that it will pay a total of $1.5 billion in fines for its role in rigging the interbank lending rate known as LIBOR. The settlement will be paid to Swiss, British and American regulators.
Now, a branch of UBS in Japan is also pleading guilty to a charge of wire fraud as part of this investigation. It's the first time a big name bank has agreed to criminal charges in years. Transcript provided by NPR, Copyright National Public Radio.