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.

Trudeau Extends Timeline on Canada Refugee Resettlement
00:02 - Canada will bring in 25,000 refugees by the end of February, at an estimated cost of $678 million, over six years. This is the period of time Justin Trudeau's government expects it will take to re-settle and integrate refugees, financially. The plan will prioritize full families, women-at-risk, men accompanying parents and the LGBT community. Those refugees will mainly come from UN camps in Lebanon, Turkey and Jordan. Pamela Ritchie speaks with Bloomberg's Parliament Hill reporter, Josh Wingrove. (Source: Bloomberg)
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