  Deep SCUBA surveys have uncovered a large population of ultra-luminous
galaxies at z>1. These sources are often assumed to be starburst galaxies, but
there is growing evidence that a substantial fraction host an AGN (i.e., an
accreting super-massive black hole). We present here possibly the strongest
evidence for this viewpoint to date: the combination of ultra-deep X-ray
observations (the 2 Ms Chandra Deep Field-North) and deep optical spectroscopic
data. We argue that upward of 38% of bright (f850um>=5mJy) SCUBA galaxies host
an AGN, a fraction of which are obscured QSOs (i.e., L_X>3x10^{44} erg/s).
However, using evidence from a variety of analyses, we argue that in almost all
cases the AGNs are not bolometrically important (i.e., <20%). Thus, star
formation appears to dominate their bolometric output. A substantial fraction
of bright SCUBA galaxies show evidence for binary AGN activity. Since these
systems appear to be interacting and merging at optical/near-IR wavelengths,
their super-massive black holes will eventually coalesce.
