UBS to Pay $1.5 Billion For Libor Scandal

UBS AG will pay about $1.5 billion and two former traders face prison as the bank settled charges with U.S. and U.K. authorities for manipulating interest rates in a global conspiracy to boost profits and bonuses.
How Will the PBOC React to China’s Manufacturing PMI?
48:49 - Bloomberg’s Ramy Inocencio examines China’s manufacturing PMI and the deflation risks that are mounting on China. He speaks with Bloomberg’s Alix Steel on “Street Smart.” (Source: Bloomberg)
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