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.

China Returns to U.S. IPO Market in a Big Way
38:22 - Tom Farley, president at the NYSE Group, discusses the timing of the ZTO Express debut, listing in New York versus China and the outlook for the IPO market in the U.S. He speaks to Bloomberg's Haidi Lun on "Bloomberg Markets." (Source: Bloomberg)
  • GE in Talks With Baker Hughes on Partnerships
  • Japan's Inflation Gauge Falls Again
  • Sinopec 3Q Net Profit Rose to $1.5B