UBS to pay $1.5 billion for Libor fraud; two traders charged
Two former UBS traders face criminal charges as part of a sweeping case announced Wednesday in which the Swiss bank agreed to pay $1.5 billion after admitting to manipulating global benchmark interest rates.
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What will happen to stocks if we go over the cliff
FORTUNE -- For months the predictions for what would happen if we go over the fiscal cliff have been bordering on horrific. The Congressional Budget Office says the chance of recession is 100%. Moody's says it will be much harder for companies to issue debt. PIMCO's CEO Mohamed El-Erian says our children are all but guaranteed to be worse off than us.