| Nov 19, 2013
| 3:13 PM
WASHINGTON, Nov 19 (Reuters) - Four bank lobbying groups
have asked the Obama administration for a six-month delay in the
start of an anti-tax evasion law set to begin on July 1, 2014,
saying that banks and other financial institutions need more
| 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 17, 2013
| 2:30 PM
"Story of My Death," Catalan director Albert Serra's imagined meeting of two oft-filmed historical figures--Casanova and Dracula--won the Golden Leopard Saturday night at the 66th Locarno Film Festival, the first edition under the stewardship of...
| Aug 7, 2013
| 6:05 PM
JPMorgan Chase & Co. disclosed that it may become the latest giant bank to face a Justice Department lawsuit over bonds backed by housing-boom loans, and said a parallel criminal investigation is continuing.
Federal prosecutors believe that JPMorgan...
| 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 11, 2013
Branford —- Chef Roy Ip lays a side of halibut the length of a pant leg on the counter and gently runs his powerful hands over the snowy flesh, probing for stray pin bones.
Suddenly, Ip leans in close, his nose less than inch from the fillet,...
| 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.
| 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....
| Oct 26, 2012
| 3:39 PM
Switzerland's biggest bank, UBS AG, is expected to cut up to 10,000 jobs, or 16 percent of its workforce, as it contends with shrinking revenue and rising capital requirements, a person familiar with the company said on Friday.
The cuts would be among...
| Oct 30, 2012
| 8:51 AM
Swiss bank UBS will cut 10,000 jobs as it exits from its fixed-income trading business and tries to cut costs and concentrate on wealth management.
The Zurich, Switzerland-based institution, which stated that it is “significantly reshaping its...