The U.K. government plans to sell its stake in the Eurostar train operator that links Britain with the European continent, George Osborne announced.» Read More
NEW YORK, Oct 17- UBS AG sued Croatia in New York federal court on Friday, claiming the republic owes it $45 million in principal and interest on defaulted debt assumed after the breakup of Yugoslavia. In 2001, the country's remaining external debt was divvied up among Croatia and the other successor states to Yugoslavia: Bosnia and Herzegovina, Macedonia,...
Weil is accused of conspiracy to defraud the U.S. government by helping thousands of rich Americans conceal some $20 billion in assets from the IRS between 2002 and 2008.. Schumacher voluntarily flew from Switzerland to Miami last week to surrender to U.S. authorities and is free on $500,000 bail. The Americans who didn't want their names disclosed to the IRS...
Oct 14- A UBS AG unit will pay $5.2 million in a settlement with Puerto Rico's financial institutions regulator over the firm's practices involving sales of Puerto Rico closed-end bond funds whose values later plunged. UBS Financial Services Inc of Puerto Rico has agreed to pay $1.7 million in restitution to 34 Puerto Rico residents who invested in the funds...
FORT LAUDERDALE, Fla.— Trial began Tuesday for a former top executive at Swiss banking giant UBS AG on charges of conspiring with other bankers and thousands of wealthy Americans to conceal $20 billion in assets from the IRS. "You had to have a plan, and it was a plan to defraud the IRS. And the defendant was in on that plan, "said Mark Daly, a Justice Department tax division...
The Justice Department is preparing a fresh round of attacks on the world's biggest banks, the New York Times reports.
SAO PAULO, Oct 6- Brazilian cellphone tower operator T4U Holding Brasil SA delayed the pricing of a 500 million-real initial public offering for a month as concern over the nation's presidential election hampered sentiment ahead of investor meetings, two sources with direct knowledge of the deal said on Monday. T4U, which is controlled by Israel's Fishman...
Dark pools continued to gain equity trading at the expense of public exchanges in Europe last month, Thomson Reuters data showed.
The Japanese government has selected Nomura Securities and JP Morgan among the 11 underwriters for a planned IPO of state-owned Japan Post.
The rise of the modern sports industry could be the reason why many pro athletes find themselves in financial turmoil.
Sept 26- RadioShack Corp shareholder Standard General LP said it was in talks to improve the troubled electronics retailer's cash position ahead of the crucial holiday season. Standard General said it also raised its stake in RadioShack to 9.8 percent from 7.08 percent, becoming the company's largest shareholder.
Travelport priced its IPO at the top of its expected range, the New York Times reports.
JPMorgan was the top performing investment bank in the first half of the year, making $11.5 billion in revenue, data showed on Thursday.
China plans to open its markets to foreign investors who have been largely shut out. The New York Times reports.
The assets most likely to benefit from the U.S. dollar's march higher may not be stateside, with analysts looking to Europe and other regions.
T4U, which is controlled by Israel's Fishman Group, hired Bank of America Merrill Lynch, Itaú BBA SA, UBS AG and Citigroup Inc to manage the deal. The IPO plan, the first to be filed in Brazil in about a year, comes at a time when operators such as American Tower Corp expand in Brazil and demand for high-speed internet spurs the construction of thousands of towers.
London’s currency traders are set for a dramatic fall in bonuses, amid FX investigations and low trading volumes, a new report has found.
Improving living standards are creating new investment opportunities in meat, milk and fish products. Simon Smiles, CIO of Ultra High Net Worth at UBS, explains why.
David Heiman, whose law firm Jones Day represents Detroit, told Rhodes that Syncora and the city "have laid down their swords." In a court filing on Monday, Syncora confirmed a "comprehensive settlement" with the city that was still subject to "definitive documentation and resolution of other terms.
Sept 15- RadioShack Corp's chief financial officer resigned, citing personal reasons, amid reports that the cash-strapped electronics retailer was negotiating a financial package to help it avoid bankruptcy. Shares of RadioShack, which last week warned it may seek bankruptcy protection, rose as much as 23 percent on Monday.
RadioShack is evaluating a $585 million financing package led by UBS AG and hedge fund Standard General LP it tries to avert bankruptcy.