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.
Market Outlook: What to Watch for This Week
16:57 - IG Market Analyst Angus Nicholson discusses the turmoil in the Asian markets and what we should look for this week. He speaks to Bloomberg's Angie Lau on "First Up." (Source: Bloomberg)
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  • Options Market Suggest China's Stock Rescue Doomed