The French minister responsible for enforcing new taxes on the rich is to be investigated for tax evasion.
Swiss bank UBS agreed today to pay £940 million to regulators in the biggest penalty yet from the industry's Libor-rigging scandal.
An alleged rogue trader accused of gambling away £1.4 billion described to a jury today how he “lost control in the maelstrom of the financial crisis”.
More British banking jobs were at risk today after UBS said it is to cut up to 10,000 roles worldwide in moves to shrink its investment banking arm.
UBS reported a surprise loss in investment banking yesterday that overshadowed news that fresh money was finally flowing into the Swiss giant's core private bank.
UBS sought to brush its disastrous performance during the financial crisis under the carpet yesterday by admitting mistakes but ruling out any legal action against its former bosses.