Buffett also offered a gloomy outlook for the economy, saying in his annual letter to Berkshire shareholders: "The economy will be in shambles throughout 2009 -- and for that matter, probably well beyond." ...
Wells Fargo & Co. suspended its performance bonus policy for top executives, citing compensation limitations placed upon companies that received money under the Troubled Asset Relief Program, according to a ...
An executive of Stanford Financial Group is free on $300,000 bond after a court hearing Friday where she was painted variously as the scapegoat for what regulators call a massive Ponzi scheme and as one of the ...
The new chief executive of UBS AG says Switzerland should consider changing its banking secrecy laws so they no longer protect suspected tax evaders, according to an interview published Saturday.
Oswald Gruebel told twice-weekly newspaper Finanz und Wirtschaft that Switzerland's banking secrecy laws need to be changed in order to ease the political pressure other countries are putting on the small Alpine nation.
Germany, Britain and the United States have demanded that Switzerland open itself up to foreign tax investigations. UBS is currently the subject of a major U.S. probe into whether it conspired to defraud the U.S. government of taxes owed by thousands of American clients.
The lawsuit, filed Thursday in federal court in Buffalo, appears to be the first litigation spawned by the Feb.
Nearly six months after American International Group Inc. got its first massive bailout from the government, it's still stumbling.
Feb. 27 - Burned by their investments, analysts say don't look for many sovereign wealth funds to come to the rescue of Western banks again.
Private equity firm Blackstone Group LP said Friday it continued to lose money during the fourth-quarter as the ongoing credit crisis - which the company's chief operating officer called a "depression" - hurt ...
General Electric Co plans to cut its quarterly dividend to 10 cents a share starting in the second half of 2009, a move that it said would provide it with more "flexibility" in the face of a recession.
U.S. stocks slid Thursday as investors digested budget plans from President Barack Obama that weighed on sentiment toward student loan providers such as SLM and health-care companies such as Humana, offsetting ...
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