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.

Thiam: Brexit Passport Loss Risks 20% of London Volume
35:20 - Tidjane Thiam, chief executive officer at Credit Suisse, discusses the risks Brexit can bring for the bank's London business and their "reasonable position" to manage the outcome of Brexit. He speaks with Bloomberg's Francine Lacqua on "Bloomberg Surveillance" from the Bloomberg Markets Most Influential Summit in London. (Source: Bloomberg)
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