UBS AG was ordered to face a whistle- blower lawsuit by a former commercial mortgage-backed securities strategist who said he was fired for telling supervisors he was being pressured to publish misleading reports.
Government bonds should be excluded from the European Union’s planned financial-transaction tax because the levy would drive up sovereign borrowing costs, a panel of European debt-management officials said.
Top executives of the two largest U.S. derivatives exchanges say regulators must take further steps to align Dodd-Frank Act rules with those of foreign counterparts to avoid oversight splits that could harm markets.
Bank managers in the U.S. are less likely to engage in mergers and acquisitions this year as regulators heighten scrutiny on potential deals and sellers wait for higher valuations, according to a KPMG LLP survey.
The U.S. Supreme Court bolstered the authority of federal administrative agencies, upholding Federal Communications Commission deadlines for local zoning authorities considering applications for new wireless facilities.
Goldman Sachs Group Inc. Chief Executive Officer Lloyd C. Blankfein told a German newspaper the risk of a euro-region breakup or member country bankruptcy is lower than a year ago as the political will behind the common currency remains intact.
Are the easy-money policies of the world’s central banks setting financial markets up for a crash? We would have a much better idea if we measured how much of the buying is being done with borrowed money.
U.S. bank regulators are boosting efforts to set up agreements for shuttering failing banks with officials in overseas hubs such as Switzerland and Japan, said Federal Deposit Insurance Corp. Chairman Martin Gruenberg.