US attorney general Eric Holder
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UBS 'has taken remedial measures'

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.

Regulators worldwide are investigating a number of banks for rigging Libor.

US attorney general Eric Holder said UBS had pleaded guilty to the charges and had taken "significant steps" to help investigators uncover Libor rigging.

Go to next video: UBS fined $1.5bn for Libor rigging