| 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,...
| 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 2, 2011
Editor's Note: With no net job creation here in two decades, Connecticut needs jobs. Our editorial and five other views on this page offer thoughts on getting people back to work. We'd like to hear what you think is the key to creating jobs as well: Email...
| Jan 27, 2012
| 1:21 PM
Gov. Dannel Malloy's estimate of pension savings over 20 years was wrong by $3.1 billion, the legislature's nonpartisan fiscal office said Friday.
Malloy had announced that the state would save $4.8 billion over 20 years from a negotiated deal last...
| Mar 13, 2011
Travelers to Europe this year are discovering unwelcome ride-alongs: new and heftier surcharges for flights and cruises. They may even pay more to get to their U.S. gateway airport. Blame the rising price of oil, driven by widening world demand and...
| 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-...
| Oct 4, 2011
| 4:34 PM
After two days of declines, stocks were wavering this morningon encouraging words from Fed chief Ben Bernanke and discouraging words from European finance ministers. As politics plays a bigger role in determining the direction of stocks, hedge funds are...
| Dec 7, 2011
| 4:34 PM
Citigroup Inc. shares fell on Wednesday after Chief Executive Vikram Pandit said the bank will lay off 4,500 employees as it attempts to trim costs in an "extremely challenging operating environment."...
| Sep 12, 2012
| 6:50 AM
NEW YORK -- A former UBS banker who provided information on the firm's vast business of helping wealthy Americans hide their assets from the Internal Revenue Service has received a $104 million whistleblower reward, which his lawyers said was the...
| Sep 14, 2012
| 7:05 PM
Bradley Birkenfeld, a former UBS banker, is now a millionaire thanks to his big mouth. He gave the IRS tips that exposed some shady business by UBS. The bank was allegedly helping wealthy Americans hide their assets offshore.
In 2007, Birkenfeld...
| 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...