Peston on UBS Libor fine The Swiss banking giant UBS has agreed to pay $1.5bn (£940m) to US, UK and Swiss regulators for attempting to manipulate the Libor inter-bank lending rate. It becomes the second major bank to be fined over Libor after Barclays was ordered to pay $450m to UK and US authorities in the summer. Talking to the Today programme's Sarah Montague, the BBC's business editor Robert Peston explained that regulators "appear to have demonstrated that UBS profited" from Libor market manipulation.