UBS Said to Face Fines of Over $1B in Libor Probe

UBS AG, Switzerland’s biggest bank, may be fined more than $1 billion by U.S. and U.K. regulators for trying to rig global interest rates, more than double the amount levied against Barclays Plc, according to a person familiar with the probe.

Goldman's Coleman Sees S. Africa Political Showdown
30:06 - Colin Coleman, head of Goldman Sachs Group in South Africa, discusses reports that South African President Jacob Zuma plans to fire Finance Minister Pravin Gordhan and how the move can impact the nation's economy. He speaks on "Bloomberg Markets: European Open." (Source: Bloomberg)
  • Zuma Said to Tell Communist Officials He's Firing Gordhan
  • Key Factors Weighing on Commodities
  • BlackRock's Li Says U.S. Data Supports Three Rate Hikes