ZURICH - UBS booked a 254 million Swiss franc ($280.79 million) charge in the second quarter mainly to settle claims it helped wealthy Germans to dodge taxes, the latest in a string of lawsuits that have targeted its private banking business.
FRANKFURT/ZURICH - Germany's Deutsche Bank and Switzerland's UBS said they were caught up in an inquiry by U.S. regulators, who are looking into whether broker-run stock exchanges gave an unfair advantage to high-frequency traders.
BUCHAREST - In a well-lit office with red window frames in downtown Bucharest, Romania's first bitcoin ATM attracts many who until it opened in May had to buy or sell the digital currency face-to-face or through wire transfers.
SHANGHAI - China's insurance regulator is considering new measures that will brake firms' capacity to launch life insurance plans in the rapidly growing industry as part of moves to reduce the risk of defaults in the sector, local media reported on Tuesday.
MOSCOW/LONDON/AMSTERDAM - An international arbitration court ruled on Monday that Russia must pay $50 billion for expropriating the assets of Yukos, the former oil giant whose ex-owner Mikhail Khodorkovsky fell foul of the Kremlin. | Video
WASHINGTON - The Federal Communications Commission may have problems ensuring that its regulations on shared arrangements by TV stations meet the agency's goals on competition and diversity because "it lacks basic data," the U.S. government watchdog said on Monday.
- Smith & Wesson Holding Corp has agreed to pay $2.03 million to settle U.S. Securities and Exchange Commission charges its employees and representatives bribed foreign officials to supply firearms to military and law enforcement departments overseas.
WASHINGTON - The U.S. federal agency regulating derivatives has fought just three trials since 2011, all against small-time fraudsters in Florida. Now it is poised to take on a series of formidable opponents in the biggest courtroom tests yet of its efforts to crack down on market wrongdoing.
NEW YORK - The former chief operating officer of Philip Falcone's hedge fund Harbinger Capital Partners has agreed to pay $200,000 to resolve charges he aided a scheme to misappropriate fund assets, the U.S. Securities and Exchange Commission said Monday.
- JPMorgan Chase & Co executives have faced regulators' questions on whether private bank advisors guide clients to buy the firm's own financial products, according to a report in the Wall Street Journal.
- Financial: S&P parent McGraw Hill's profit rises 17 pct
- Technology: RPT-China regulator in anti-monopoly probe of Microsoft
- Healthcare: REFILE-UPDATE 3-Microsoft targeted in apparent Chinese anti-trust probe
- Consumer: UPDATE 1-McDonald's Japan withdraws profit guidance after China food scare
- Energy: UPDATE 7-Court orders Russia to pay $50 bln for seizing Yukos assets
- Industrials: CORRECTED-EU extends deadline on Cemex's Holcim deal in Spain
- M&A: UPDATE 1-TRW Automotive Q2 profit beats expectations; revs rise
- Bankruptcy: BES bondholders eye results for guidance on potential losses
- IPOs: UPDATE 3-Bank of Cyprus aims for bond sale after raising 1 bln euros in new capital
- Private Capital: Electra rejects activist Bramson's call for strategy review
- Hedge Funds: Investors dump higher oil bets as prices fall