U.S. clients with more than 1 million Swiss Francs in offshore accounts with UBS could be ratted out.
Swiss bank UBS AG has been fined 8 million pounds ($13.3 million) for management failures which allowed employees to make unauthorized trades with customers' accounts, Britain's financial regulator said Thursday.
A New York businessman who admitted hiding assets worth $8 million with Swiss bank UBS AG was sentenced to three months in prison for a Florida tax conviction.
Property prices in Nairobi are soaring, and Somali pirates are getting the blame. The hike in real estate prices in the Kenyan capital has prompted a public outcry and a government investigation this month into property owned by foreigners.
Stocks are falling in midday trading as a stronger dollar tugs on commodities prices.
Stock futures pointed to a lower open on Wall Street Wednesday as a stronger dollar tugged on commodities prices.
A Boston-based investment firm has agreed to pay $1.3 million in restitution to Montana investors for a Ponzi scheme run by an independent broker in Kalispell.
The receiver overseeing R. Allen Stanford's businesses announced Thursday that he is suing two former employees of the Texas financier's capital management firm for more than $11 million.
Apparently, the jailed financier, who is going through lawyers like bottles of bubbly, has his own ideas about what his courtroom strategy should be. Next up: legal team #4
Three ex-employees of Bernie Madoff -- including operations chief Daniel Bonventre (above) -- say they played no part in the fraudster's $65 billion scheme
