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Fitch: UK Faces Significant Risk of Downgrade

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The U.K. faces a "significant" risk of losing its triple-A rating, as its economy has worsened since it was placed on negative outlook last year, David Riley, Fitch Ratings global managing director for sovereign ratings, told CNBC.

Cohan Credits Jefferies CEO Handler for Saving Firm

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William Cohan, author of 'Money and Power: How Goldman Sachs Came to Rule the World' and a Bloomberg View columnist, talks about Jefferies Group decision to pay CEO Richard Handler $19m for fiscal 2012 and to approve $39m in restricted stock awards for the next three years.

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