UBS to Plead Guilty on Libor, Settle Currency Probe With Fed
UBS Group AG will pay $545 million to settle U.S. investigations into its role in manipulating currency and interest rates, removing two of the bank’s biggest legal hurdles.
Citigroup Says U.S. Declines to Prosecute on Libor Rigging
The Justice Department advised the bank that it made the decision “based on the facts and circumstances."
12 Best & Worst Broker-Dealers: Q4 Earnings, 2014
Here’s how some of the biggest firms’ earnings compared over the fourth quarter.
How OPEC Weaponized the Price of Oil Against U.S. Drillers
If there ever was doubt about the strategy of OPEC, its wealthiest members are putting that issue to rest.
SEC Split on Including Brokerages in Trading Safeguards
Rules meant to prevent automated trading system breakdowns should be expanded to include brokerages that match orders away from regulated exchanges, two SEC members say.
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.
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.
Retirees Suffer as 401(k) Rollover Boom Enriches Brokers
A three-month Bloomberg investigation found that former employees at major companies say sales reps lured them into rolling their 401(k)s into unsuitable investments.
Wall Street Bets on Bond Revival in Trader Hiring Spree
Wall Street firms are starting to bet on an end to the profit-eroding boredom in credit markets by building their bond trading desks.
Banks Deploy Drastic Strategies to Overcome International Challenges
Investors in international banking should keep informed, as many banks are reinventing themselves to keep up with a changing marketplace.