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The U.S. and Switzerland have signed a pact to crack down on tax evaders by making Swiss banks reveal more information about offshore accounts held by Americans, the Treasury Department said Thursday. The agreement is part of an effort by the U.S. to...
WASHINGTON -- U.S. officials said Wednesday that banking giant UBS was motivated by "sheer greed" in rigging a key global interest rate and that the $1.5 billion in penalties the firm agreed to pay sends a strong message to the financial industry. The...
No one today can overlook that it's California's self-indulgent initiative process that's attracting the big political bucks into the state, the way a magnet attracts scrap iron. Year in, year out, the torrent of spending on initiative campaigns swamps...
Swiss bank UBS will cut 10,000 jobs as it exits from its fixed-income trading business and tries to cut costs and concentrate on wealth management. The Zurich, Switzerland-based institution, which stated that it is “significantly reshaping its...
It pays to rat out your tax-dodging clients. A former banker who helped wealthy Americans illegally evade taxes, and later confessed his transgressions and cooperated with the government, has been awarded $104 million in what appears to be the largest-...
If you're rolling into work wearing ripped jeans, strapless tops, a hoodie and flip-flops, know this: Your colleagues disapprove. The vast majority of American workers don't consider the Mark Zuckerburg fashion special to be appropriate attire for the...
Money & CompanyCitigroup Inc. shares fell on Wednesday after Chief Executive Vikram Pandit said the bank will lay off 4,500 employees as it attempts to trim costs in an "extremely challenging operating environment."...
Money & CompanyAfter two days of declines, stocks were wavering this morningon encouraging words from Fed chief Ben Bernanke and discouraging words from European finance ministers. As politics plays a bigger role in determining the direction of stocks, hedge funds are...
Los Angeles Times Staff WriterTravelers to Europe this year are discovering unwelcome ride-alongs: new and heftier surcharges for flights and cruises. They may even pay more to get to their U.S. gateway airport. Blame the rising price of oil, driven by widening world demand and...
Top of the TicketHollywood is fighting the case against film director Roman Polanski, who was arrested in Switzerland over the weekend. Polanski pleaded guilty to having unlawful sex with a 13-year-old girl but fled the U.S. before sentencing -- living outside the U.S.......
Bloomberg NewsAlbert H. Gordon, a Wall Street leader who sidestepped the 1929 market crash and helped rescue stock brokers Kidder, Peabody & Co. in the Depression, died Friday. He was 107. The New York Times and the Wall Street Journal reported that Gordon died at his...
UBS, the Swiss banking giant, had 21,376 U.S. employees last fall when it announced it would cut 10,000 people worldwide. By the end of April, the U.S. workforce had fallen to 20,504. As the layoffs ripple through UBS's investment banking segment,...
Feb 14, 2013 |Story| Los Angeles Times
Dec 19, 2012 |Story| Los Angeles Times
Nov 4, 2012 |Column| Los Angeles Times
Oct 30, 2012 |Story| Los Angeles Times
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Mar 13, 2011 |Story| Los Angeles Times
Sep 29, 2009 | Los Angeles Times
May 5, 2009 |Story| Los Angeles Times
May 6, 2013 |Story| Hartford Courant
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