| 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,...
| Jul 22, 2013
| 7:25 AM
WASHINGTON -- UBS said Monday it agreed to settle a lawsuit brought by U.S. regulators alleging the Swiss banking giant misrepresented mortgage-backed securities sold to Fannie Mae and Freddie Mac in the years leading up to the subprime-loan meltdown....
| Jul 25, 2013
| 3:22 PM
WASHINGTON -- U.S. regulators said Thursday that they reached an $885-million settlement with UBS Americas Inc. of a suit alleging that the subsidiary of the Swiss banking giant misrepresented mortgage bonds it sold to Fannie Mae and Freddie Mac.
| Jan 2, 2014
| 11:10 AM
H. Ty Warner, the billionaire creator of the popular Beanie Babies toys, is urging a federal judge to sentence him to probation for tax evasion.
The 69-year-old tycoon pleaded guilty to a single count of felony tax evasion in October, acknowledging that...
| Jan 14, 2014
| 12:00 PM
Ty Warner, the billionaire founder of Beanie Babies stuffed toys, was sentenced to probation for hiding millions of dollars in a Swiss bank account and failing to report his interest income.
U.S. District Judge Charles Kocoras rejected federal...