China announced a sweeping package of economic and social reforms last month, boosting global sentiment towards Chinese investments. The FT reports.» Read More
Despite high tax rates, states like New York and California remain alluring to the wealthy, topping the list of newly created multimillionaires.
A drop in gold prices below $1,200 an ounce may precipitate a fresh round of production cuts in the mining sector aimed at re-balancing the market.
Switzerland's chief executives await with bated breath a vote on Sunday to determine whether their monthly pay packets should be capped.
The ebbing economic tide from the Great Recession revealed some of the worst swindles in municipal finance in decades.
Interest rate swaps - sold as a way to save money on public financing - have turned into municipal bombs.
The dollar index will likely extend its slide this week on expectations that top Federal Reserve policymakers believe it's still too early to taper.
"I just worry a little bit that we are edging back to the 'eyeball-and-click' thing we had just before the year 2000," Art Cashin says.
The international investigation is at an early stage, but authorities are signaling the likelihood of a legal crackdown involving some of the world's biggest banks. The NYT reports.
Andrea Orcel, CEO of UBS Investment Bank, says tough regulation could cause headwinds to the business in the future.
Japanese shares outperformed on Thursday as the yen weakened while the rest of Asian investors cheered dovish remarks from Fed Vice Chairman Janet Yellen.
John Paul Crutchley, head of European banks research at UBS, says that with the increasing figure for litigation and penalties, European bank regulators are "scratching their heads" over how much capital banks needs to have.
The probe into foreign exchange manipulation has widened to include the world's biggest banks and actively traded currencies. The FT reports.
Sergio Ermotti, CEO of UBS, comments on the bank's performance and how it's "extremely happy" with the way it's progressing - especially when it comes to its balance sheet and costs.
Sergio Ermotti, CEO of UBS, talks about the headwinds for the global economy and urges European policymakers to address structural reforms, as the ECB can¿t "fix all the problems".
Axel Weber, chairman of UBS, says that the global economy is in a "phase of normalization" with the U.S., emerging markets and China stabilizing.
UBS chairman Axel Weber tells CNBC that the German surplus is not a policy problem as the EU looks set to scrutinize the issue.
Amid Libor probes big banks are considering banning traders from online chat rooms seen by regulators as venues for collusion and market manipulation.
With China expected to unveil a host of economic reforms at its upcoming policy meeting, what will the Third Plenum mean for mainland equities?
Twitter will debut on Thursday in a market that's been showing clear signs of wear and has some investors burrowing further into defensive names.
A number of finance firms face billions of euros in fines next month from European Union regulators for colluding on global benchmark interest rates.