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Ex-UBS head knew nothing of 'rogue' bankers


Raoul Weil, once the head of UBS’s global wealth-management business, didn’t know that 'rogue' underlings were helping Americans evade taxes, his lawyer told jurors at the start of a trial in Florida.



Digg Error Page

BNY Mellon agrees to settle funds glitch probe

Bank of New York Mellon has agreed to pay $3m in settling a state investigation into problems it faced in calculating net asset values on some 1,200 mutual funds last August, Massachusetts' top securities regulator said on Monday.

Oil Drums

HSBC said to take loan loss

HSBC is discovering the oil crash extends far beyond the deserts of the Gulf, the plains of west Texas and the shale fields of North Dakota. Even a small energy company in Dublin can inflict pain.