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."
A day after eurozone lenders finally released about $45 billion in loans to Greece, a top credit agency raised its rating on the country by a six points. It's a rare piece of good news for Greece, which still faces Depression-level unemployment and at least another year of recession.
On Sept. 11 this year, U.S. Ambassador to Libya Chris Stevens and three other Americans were killed in Benghazi in what the Obama administration now calls a terrorist attack on the U.S. consulate. A review board said systematic management failures led to inadequate security at the consulate.
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