Weekly Brief: UBS Smacked in LIBORgate Settlement

Dec. 20 (Bloomberg Law) -- Bloomberg Law's Lee Pacchia runs through the legal news for the week. UBS announced a major settlement with US, UK and Swiss authorities for its role in rigging global interest rates. Also, Goldman Sachs and Rajat Gupta are sparring in court over who should pay the nearly $7 million the investment banking giant has spent on Gupta's insider trading scandal. Finally, are we going to see another BigLaw mega-merger? Reports indicate a deal to create a 950-lawyer firm could be in the works.
Is Friday's Weak U.S. Jobs Data Good News for Asia?
48:50 - Sean Darby, chief global equity strategist at Jefferies, discusses the U.S. jobs data, its impact on Asia and the outlook for Japan's economy. He speaks to Bloomberg's Rishaad Salamat on "Trending Business." (Source: Bloomberg)
  • The Ups and Downs of China's Stock Market
  • Jobs Report Pushes Back Fed Rate Hike Bets
  • Golden Week Holiday Gives Macau a Boost