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Israel Approves 1,500 More Settler Homes in East Jerusalem

Israel approved plans to build 1,500 more Jewish settler homes in east Jerusalem on Monday, an official said, days after provoking international protests against a project for another 3,000 such homes on land it captured in the 1967 Six-Day War.

UBS Faces $1.5 Billion Day of Reckoning Over Rate Rigging

UBS AG will pay around $1.5 billion to settle charges that a group of traders at its Japanese unit rigged Libor interest rates, a source familiar with the matter said on Monday as the Swiss bank prepares for a deal with regulators.

U.S. Agency Sues JPMorgan Over Mortgage Securities

The U.S. credit union regulator sued JPMorgan Securities and Bear Stearns & Co on Monday over $3.6 billion in mortgage securities the bank allegedly sold to credit unions that collapsed because of losses from the securities.