| Nov 20, 2014
| 10:14 AM
That didn't take long. Only two weeks after winning a second term, Gov. Dannel P. Malloy and his chief budgetmeister acknowledged that Connecticut's finances are not what months of 30-second campaign ads claimed they are. This suggests some hard going...
| Nov 25, 2014
| 11:04 AM
San Francisco saw its "ultra-rich" population jump 12% this year, pushing it past Los Angeles as the California home to those worth $30 million or more, a survey said.
The survey, by the research firm Wealth-X in partnership with Swiss banking giant...
| Nov 26, 2014
| 3:31 PM
Los Angeles has 5,135 people who are swimming in money.
In a new survey that charts the population of the ultra rich, San Francisco beat L.A. with 5,460 residents who have $30 million or more in net assets.
The annual survey, from research firm...
| Oct 23, 2014
| 2:17 PM
The latest in a long trail of hints that its time in Stamford might be limited, Swiss banking giant UBS has hired a brokerage consultant to determine interest in its 725,000-square-foot office buildings in the city.
The financial services company has...
| Oct 31, 2014
| 3:32 PM
Swiss banking giant UBS, which is exploring whether it will exit its large Stamford skyscraper at the end of its lease in 2017, will keep jobs in the state through 2021, as part of an agreement announced by the governor Friday.
"This extended agreement...
| Nov 12, 2014
| 7:28 AM
In another black eye for the financial industry, U.S., British and Swiss regulators on Wednesday fined JPMorgan Chase & Co., Citigroup, Bank of America Corp. and three other global banks a total of about $4.3 billion to settle investigations into...
| Jul 10, 2014
| 8:55 AM
Lawyers for convicted tax evader Ty Warner said his sentence of two years’ probation was reasonable, pointing out that the punishment of the Beanie Babies billionaire was consistent with more than half of the offshore banking cases that the...
| Aug 16, 2014
| 6:30 AM
Filipino director Lav Diaz, who headed the international competition jury at last year's Locarno Film Festival, returned to take the top prize at the Swiss sprocket opera's 67th edition with his film "From What Is Before." Clocking in at a daunting 338...
| Jul 16, 2013
| 12:56 PM
The first taxpayer charged in Chicago in an investigation into clients of overseas banks will serve a year and a day in prison after paying almost $4 million in penalties for tax evasion, prosecutors said today.
The owner of a Skokie cemetery monument...
| Aug 6, 2013
| 10:09 AM
UBS will pay $50 million to settle charges by the U.S. Securities and Exchange Commission that the Swiss bank misled investors, the regulatory agency announced Tuesday.
UBS Securities was accused of violating securities laws while structuring and...
| Aug 6, 2013
| 7:47 PM
In twin securities-fraud lawsuits against Bank of America Corp., the federal government is accusing the nation's second-largest lender of lying to investors about supposedly prime loans that more closely resembled subprime "liar loans."
The civil suits,...