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.

Morning Meeting: U.S. Economic Recession Risk
01:09 - Ethan Harris, co-head of global economics research at Bank of America Merrill Lynch, examines the U.S. economy and the possibility of a recession. He speaks on "Bloomberg ‹GO›."
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