Former Libor ‘Ringmaster’ Hayes Gets 14 Years for Libor Rigging
The ex-UBS and Citigroup trader, 35, was found guilty of conspiracy in London.
HSBC List Shows Putin Allies, Drug Lords Used Swiss Secrecy
The private-banking unit of HSBC profited for years handling secret accounts whose holders included drug cartels, arms dealers and fugitives, says a report released Sunday.
UBS Loses Court Appeal of $1.4 Billion French Bail Demand
The bank must pay a security deposit to cover a potential fine for alleged money laundering, a Paris court ruled.
Silver Pricing Change Takes Effect; Other Metals to Follow
A 117-year-old pricing system has changed.
Investors Pile Into Stocks Just as Pros Say Bull Run Is Over
Individual investors are plowing money back into the U.S. stock market just as professional strategists say gains for this year are over.
China Construction Considering Dim Sum Bond Issue
The second largest bank in China is considering using London as the venue for an issue of yuan-denominated bonds for offshore sale.
Six Banks Set LIBOR
In the wake of the scandal that revealed LIBOR under manipulation by banks all over the world, the benchmark lending rate is suffering a credibility gap even as a smaller core group of banks contributes to setting the rate.
Spain Accepts Bailout
Spain accepted a bailout Saturday for its financial sector, and Italy stepped up into the spotlight over concerns that it may be the next country to request aid.
Interview: Pamela Holding of Putnam International Growth & Income Fund
S&P Rank: 4 Stars Avoiding Value Traps