South Korea will have its first woman president with the election of Park Geun-hye after a very tight election. With most of the votes counted, Park was elected with a small majority over her liberal opponent. Park's father was the country's military dictator for 18 years.
The Swiss bank, along with others, manipulated a key interest rate that in turn influences what borrowers around the world pay. Chief Executive Sergio Ermotti says UBS was "disappointed to discover what happened."
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