UBS to pay $1.5B to settle rate-rigging charges.

 Largely as expected, UBS (UBS) has agreed to pay $1.5B to U.S., U.K. and Swiss authorities to settle charges that it rigged inter-bank interest rates, including Libor. The large size of the penalty - it's more than triple that of Barclays (BCS) - reflects the centrality of UBS to the scandal. The bank's Japanese unit, which was responsible for much of the attempted manipulation, has pleaded guilty to one count of fraud.