UBS: How big will the Libor bill be? BBC News Even by the standards of recent revelations of wrongdoing at the world's biggest banks, the disclosures of how UBS tried to systematically manipulate the important Libor interest rate benchmarks will be seen as pretty hair-raising. | UBS has been punished by regulators in the US, UK and its hom...
Berlusconi's Back: Italian Banks and Bonds in Trouble CNBC | You can't keep Silvio Berlusconi down. A lesser man might be chastened by being turfed out of the Prime Minister's office, an ongoing trial involving a sex scandal, or a conviction for fraud. | Yet Italy's longest-serving leader since the Second World War confirmed what had been long-rumored on Sa...
Making It Easier to Estimate Libor Losses Dealbook > | The potential victims of the Libor scandal are starting to estimate the costs to their bottom lines. | In its settlement with Barclays earlier this year, the Justice Department said that those who manipulated interest rates at the bank knew their...
As Unit Pleads Guilty, UBS Pays $1.5 Billion Over Rate Rigging Dealbook > | 11:22 a.m. | Updated | UBS, the Swiss banking giant, announced a record settlement with global authorities on Wednesday, agreeing to a combined $1.5 billion in fines for its role in a multiyear scheme to manipulate interest rates. | In a sign tha...
Leniency Denied, UBS Unit Admits Guilt in Rate Case Dealbook > | UBS on Wednesday became the first big global bank in more than two decades to have a subsidiary plead guilty to fraud. | UBS, the Swiss bank, scrambled until the last minute to avoid that fate. A week ago, in a bid for leniency over interest-rate...
UBS: How big will the Libor bill be? BBC News Even by the standards of recent revelations of wrongdoing at the world's biggest banks, the disclosures of how UBS tried to systematically manipulate the important Libor interest rate benchmarks will be seen as pretty hair-raising. | UBS has bee...
Banks face a huge reckoning in the mortgage mess The Charlotte Observer | The nation’s largest banks are facing a fresh torrent of lawsuits asserting that they sold shoddy mortgage securities that imploded during the financial crisis, potentially adding significantly to the tens of billions of dollars the banks ha...
Pressure on for GST overhaul as royalties slashed The Australian | LOWER commodities prices and the high Australian dollar have forced the main resources states to slash their royalties forecasts by $5.6 billion, adding to pressure on the Gillard government to overhaul the GST and ease cost pressures on mining projects. | Analysis by The Australian of the recent round of mid-year budget updates reveals the state...
Strong peso undercuts call center boom in RP The Daily Tribune | The peso’s strength is hitting local call centers, handicapping the country in the lucrative business as it combats a challenge from top rival India, industry officials said yesterday. | Forty percent of the members of the Business Processing Association of the Philippines had cancelled expansion plans and an equal number reported losing busine...
