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By Tom Schoenberg and Andrew Zajac, Bloomberg |
March 20, 2013
Freddie Mac sued Bank of America Corp., UBS AG, JPMorgan Chase & Co. and a dozen other banks over alleged manipulation of the London interbank offered rate, saying the mortgage financier suffered substantial losses.
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By Press Release |
March 18, 2013
Initial cleared contracts to include seven currencies with maturities of up to 50 years.
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By Rebecca Christie, Bloomberg |
February 14, 2013
The European Union proposed a tax on financial transactions that could be collected worldwide as soon as the start of next year by the 11 nations that have so far signed up to participate.
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By Richard Rubin and Kevin Dugan, Bloomberg |
February 6, 2013
Exchange-traded notes, which mimic investments in securities without an annual tax bite, would lose that edge under a proposal from the top Republican tax writer in Congress.
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By Richard Rubin |
January 24, 2013
Many derivatives would be required to be marked to market for tax purposes, under a draft proposal from Representative Dave Camp.
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By Richard Rubin |
January 23, 2013
The House Ways and Means Committee will release a draft version of potential changes to the taxation of financial products and derivatives, an aide said.
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By Elena Logutenkova, Bloomberg |
January 10, 2013
Jerker Johansson, a former head of UBS AG’s investment bank, said his unawareness of rigging of global interest rates at the biggest Swiss bank was a failure and negligent.
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By Lindsay Fortado, Phil Mattingly and Silla Brush, Bloomberg |
December 19, 2012
UBS AG will pay about $1.5 billion and two former traders face prison as the bank settled charges with U.S. and U.K. authorities for manipulating interest rates in a global conspiracy to boost profits and bonuses.
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By Lindsay Fortado, Gavin Finch and Liam Vaughan, Bloomberg |
December 19, 2012
UBS AG’s $1.5 billion fine for rigging global interest rates expands the scandal to include bribery and highlights the influence of a trader in Tokyo who colluded with other banks to align their submissions.
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By Lindsay Fortado and Greg Farrell |
December 13, 2012
UBS AG may be fined more than $1 billion by U.S. and U.K. regulators for trying to rig global interest rates.
