The drive by American regulators to secure a guilty plea from the Royal Bank of Scotland division accused of fiddling bank lending rates shows that US officials are taking an increasingly aggressive stance.
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”.
Economic justice campaigners who have been camped outside St Paul's Cathedral for weeks announced today that they have occupied an abandoned office block owned by investment bank UBS.
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.