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The Two-Way
5:18 am
Wed December 19, 2012

UBS To Pay $1.5 Billion For 'Routine And Widespread' Rate Rigging

The logo of Swiss banking giant UBS in Zurich, Switzerland.
Fabrice Coffrini AFP/Getty Images

Swiss banking giant UBS AG has agreed to pay $1.5 billion in fines to regulators in the U.S., Britain and Switzerland for its part in a scheme to manipulate the London interbank offered rate (LIBOR), which is used to set rates on contracts around the world.

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Around the Nation
4:43 am
Wed December 19, 2012

Oregon Man Advertises For Wife

Originally published on Thu December 20, 2012 3:44 am

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STEVE INSKEEP, HOST:

Around the Nation
4:37 am
Wed December 19, 2012

Lottery Winners Donate To School's Football Stadium

Originally published on Thu December 20, 2012 3:44 am

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DAVID GREENE, HOST:

NPR Story
3:08 am
Wed December 19, 2012

Business News

Originally published on Thu December 20, 2012 3:44 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news begins with a global bank settlement.

It's the big Swiss bank, UBS. It announced this morning that it will pay a total of $1.5 billion in fines for its role in rigging the interbank lending rate known as LIBOR. The settlement will be paid to Swiss, British and American regulators.

NPR Story
3:08 am
Wed December 19, 2012

Credit Rating Upgrade Is Good News For Greece

Originally published on Thu December 20, 2012 3:44 am

Transcript

DAVID GREENE, HOST:

Greece got a rare bit of good news late yesterday. Standard and Poor's upgraded the country's credit rating six notches to a B minus. I mean, not the worst grade on your report card, but in the financial world this is junk bond status.

Still, Joanna Kakissis reports from Athens that there is a more stable outlook.

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