Germany, Austria and other European nations harbored a “deep distrust” of a U.S. program that monitors millions of international banking transactions for evidence of terrorist activity, the New York Times reported, citing State Department cables.
Representative Chris Van Hollen of Maryland, ranking Democrat on the House Budget Committee, said in an interview on Bloomberg Television’s “Political Capital with Al Hunt,” airing this weekend, that Congress should eliminate a tax break for private-equity and hedge- fund executives to pay for extending a payroll tax cut for workers.
OTP Bank Nyrt., Hungary’s largest lender, fell to the lowest in three months as the government said it plans to tax financial transactions and concern increased the euro-area debt crisis will escalate.
A telephone call between a financial adviser in Beverly Hills and a trader in New York was all it took to fleece taxpayers on a water-and-sewer financing deal in West Virginia. The secret conversation was part of a conspiracy stretching across the U.S. by Wall Street banks in the $2.8 trillion municipal bond market.
Gemalto NV, the French smartcard maker that sells more than a billion SIM cards for mobile devices annually, predicts a boost in sales and profit from phone carriers this year as more U.S. consumers switch to faster wireless services.
Australia’s dollar declined against most of its major peers after the nation’s Reserve Bank said it increased sales of the currency last month to a category of buyers that includes foreign central banks.