| Feb 26, 2014
| 7:25 AM
WASHINGTON -- The chief executive of Credit Suisse told U.S. senators Wednesday it was "unacceptable" for Swiss banks to help Americans evade U.S. taxes and he regrets some of the firm's employees did so in the past.
"We deeply regret that -- despite...
| 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.
| Nov 25, 2013
| 8:08 AM
Swiss voters soundly rejected a plan Sunday that would have limited executive compensation to no more than 12 times the lowest-paid employees' pay.
The measure, known as the "1:12 initiative," was defeated 65.3% to 34.7% even amid wide public...
| 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...
| Jul 24, 2012
| 8:11 AM
If you're rolling into work wearing ripped jeans, strapless tops, a hoodie and flip-flops, know this: Your colleagues disapprove.
The vast majority of American workers don't consider the Mark Zuckerburg fashion special to be appropriate attire for the...
| Sep 11, 2012
| 12:11 PM
It pays to rat out your tax-dodging clients.
A former banker who helped wealthy Americans illegally evade taxes, and later confessed his transgressions and cooperated with the government, has been awarded $104 million in what appears to be the largest-...
| 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....
| May 5, 2009
Albert H. Gordon, a Wall Street leader who sidestepped the 1929 market crash and helped rescue stock brokers Kidder, Peabody & Co. in the Depression, died Friday. He was 107.
The New York Times and the Wall Street Journal reported that Gordon died at his...
| Feb 25, 2014
| 7:03 PM
WASHINGTON — A Senate subcommittee investigation accused Swiss banking giant Credit Suisse of using elaborate "cloak and dagger" methods to hide the accounts of 22,000 wealthy American citizens with a total of up to $12 billion in assets from U.S....
| Feb 26, 2014
| 4:31 PM
WASHINGTON — Credit Suisse executives admitted that the giant Swiss bank helped Americans shield as much as $12 billion from taxes and even acknowledged the practice was a "mistake" and "unacceptable."
But they said they couldn't do much beyond...
| 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,...
| Sep 27, 2009
Film Director Roman Polanski was arrested at the Zurich Film Festival, and faces possible extradition to the U.S. for having sex in 1977 with a 13-year-old girl, authorities said Sunday.
Polanski was scheduled to receive an honorary award at the festival...