LIBOR One Month Futures

UBS to Pay $1.5 Billion in Fines Over Interest Rate Rigging Scandal

UBS, Switzerland's largest bank, agreed Wednesday to pay some $1.5 billion in fines to international regulators following a probe into the rigging of LIBOR, a key global interest rate. That makes UBS the second bank, after Britain's Barclays, to settle over the rate-rigging scandal.

Woman Who Lost Home Sues Big Banks Over LIBOR Manipulation

What can you do when a megabank takes your home? How about suing a dozen of them. Annie Bell Adams has filed suit against 12 of the world's biggest banks, alleging that their manipulation of the LIBOR rate caused her mortgage payments to be much higher than they otherwise would have been.