UBS PAYS PRICE FOR ‘EPIC’ SCANDAL -
GREECE FACES ‘MAKE OR BREAK’ YEAR -
BBC WAS IN ‘CHAOS’ OVER SAVILE SCANDAL -
UBS PAYS PRICE FOR ‘EPIC’ SCANDAL
UBS agreed to pay a record $1.5 billion to U.S., UK and Swiss regulators to settle allegations of “pervasive” and “epic” efforts to manipulate interbank lending rates.
GREECE FACES ‘MAKE OR BREAK’ YEAR
Next year will be “a make or break” year for Greece’s future as a member of the euro zone, Yannis Stournaras, the country’s finance minister, has said.
The intensifying struggle by private equity groups to raise funds has spurred plans by Apax Partners to call time on its current fund marketing push.
Two former Porsche executives have been charged with market manipulation after a lengthy investigation into an attempt to take over the much larger Volkswagen.
General Motors revealed on Wednesday it would pay $5.5 billion to buy back 40 percent of the Treasury stake in the carmaker.
Mark Carney, the incoming governor of the Bank of England will get a housing allowance that dwarfs the salary of the prime minister.
BBC WAS IN ‘CHAOS’ OVER SAVILE SCANDAL
The BBC lost its deputy director of news, and several senior editorial staff changed jobs, on Wednesday after management was criticised over an investigation into Jimmy Savile.
Getco has acquired Knight Capital in a $1.8 billion deal that could see the creation of one of the largest U.S. electronic trading and market-making companies.