UBS Fine Brings European Bank Levies to $6.1 Bln

UBS AG’s $1.5 billion penalty for trying to rig interbank rates brings total fines for Europe’s largest banks to at least $6.1 billion, or about a quarter of their estimated profit this year.
Fed Should Have Raised Rates Last Year: Lewis
19:05 - Peter Lewis Consulting founder Peter Lewis discusses U.S. interest rates, China’s economic slowdown and its effect on Southeast Asia. He speaks to Bloomberg’s Zeb Eckert, Sophie Kamaruddin, Angie Lau and Dan Petrie on “Asia Edge.” (Source: Bloomberg)
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