UBS Libor settlement hits $1.6B

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We'll have to wait until the settlement is actually announced to confirm the specifics, but it looks now as if the UBS settlement will top $1.6 billion. The settlement also includes a payment for alleged manipulation of the Tibor. The amount will be paid to the Justice Department, the Commodity Futures Trading Commission, the U.K. Financial Services Authority and the Swiss Financial Market Supervisory Authority. The announcement is expected early this week. Article