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UBS to pay $19.5m to settle SEC charges

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The Securities and Exchange Commission has announced that UBS AG has agreed to pay $19.5m to settle charges that it made false or misleading statements and omissions in offering materials provided to U.S. investors in structured notes linked to a proprietary foreign exchange trading strategy.

UK economy job done? No way: Osborne

George Osborne Budget 2013

The U.K. economy might be a bright spot among developed economies amid fears of a renewed global economic slowdown but there is still a long way to go to get it operating at full speed, according to U.K. Chancellor George Osborne.

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Wells Fargo said to acquire new London HQ

Wells Fargo will pay about $397m to acquire a new London headquarters enabling the bank to increase its presence in the U.K. capital, according to two people familiar with the matter who asked not to be named because the details are private.