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Richard Branson denies being a tax exile

Richard Branson

Sir Richard Branson makes great play of wrapping himself in patriotic trappings to promote his businesses, but Britain's best-known entrepreneur on Sunday revealed he had been living as a tax exile for the last seven years after moving his main residence to a private Caribbean island.

Wells Fargo profits rise amidst concerns

Question Mark

Profit at Wells Fargo rose by a better-than-expected 13% in the third quarter, as the mortgage lender made up for a decline in that business by releasing a large chunk of money set aside for bad loans.



Sec Building

Two UBS advisory firms settle charges with SEC

The Securities and Exchange Commission has announced that two UBS advisory firms have agreed to settle charges arising from their roles in failing to disclose a change in investment strategy by UBS Willow Fund LLC, a closed-end fund they advised.