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  • The logo of the Swiss bank UBS is seen in Zurich in 2001. (AP Photo/Keystone, Steffen Schmidt)

    UBS to plead guilty to fraud for interest-rate rigging

    UBS Securities Japan, a subsidiary of the multinational financial institution UBS AG, agreed on Wednesday to plead guilty to charges of felony wire fraud in a scheme to manipulate the London Interbank Offered Rate, a key benchmark for financial products and transactions around the world.

  • ** FILE ** The logo of Swiss bank UBS is seen in Zurich, Switzerland, in this Dec. 18, 2001, picture. (AP Photo/Keystone, Steffen Schmidt, File)

    UBS to pay $1.5 billion over rate-rigging scandal

    Switzerland's UBS AG agreed Wednesday to pay some $1.5 billion in fines to international regulators following a probe into the rigging of a key global interest rate.

  • Kodak reaches deal to borrow $793M

    Kodak says it has reached an agreement to borrow $793 million, an important step in letting it leave bankruptcy protection in the first half of next year.

  • Source: Kodak reaches deal to borrow $793M

    Kodak has reached an agreement to borrow $793 million, potentially allowing it to exit bankruptcy protection early next year, a person with knowledge of the arrangement said Monday.

  • ** FILE ** The Swiss bank UBS in Zurich (AP Photo)

    Swiss bank UBS to cut as many as 10,000 jobs

    Swiss banking giant UBS AG is to cut as many as 10,000 employees, or some 15 percent of its staff, to drastically shrink its ailing investment bank.

  • ** FILE ** Bradley Birkenfeld, a whistleblower in the tax evasion case against Swiss bank UBS AG, holds a news conference outside the Schuylkill County Federal Correctional Institution in Minersville, Pa., Friday, Jan. 8, 2010, before reporting to the federal prison. (AP Photo/Carolyn Kaster)

    IRS pays $104 million to whistle-blower

    The IRS awarded the largest whistle-blower award in history — $104 million — to a former banker who gave information that helped expose a $20 billion offshore banking scheme, the recipient's attorneys said Tuesday.

  • Reports: UBS may have $350M Facebook trade losses

    Swiss bank UBS AG may have lost as much as $350 million due to technical glitches on the Nasdaq stock exchange the day Facebook went public, according to reports published Friday.

  • Reports: UBS may have $350M Facebook trade losses

    Swiss bank UBS AG may have lost as much as $350 million due to technical glitches on the Nasdaq stock exchange the day Facebook went public, according to reports published Friday.

  • Economy Briefs

    Gold fell Wednesday after hitting record highs near $1,630 an ounce, as a broad sell-off of riskier assets prompted bullion investors to take profits amid mounting fears of a U.S. debt default.

  • A man walks past the main entrance for offices of the Swiss bank UBS in the City of London on Oct. 3, 2008. UBS said Monday, Jan. 17, 2011, it is revising its dress code after getting roundly mocked for suggesting employees wear skin-colored underwear and avoid garlic breath. (AP Photo/Matt Dunham, File)

    Swiss bank UBS changes much-mocked dress code

    Swiss bank UBS AG is revising its dress code after getting roundly mocked for suggesting employees wear skin-colored underwear and avoid garlic breath.

  • Political Scene

    The House has passed and sent to President Obama a bill to delay for a year an impending sharp cut in Medicare pay to doctors that threatened to disrupt care for the nation's seniors.

  • FILE - In this Jan. 18, 1949 file photo Swiss-born architect Le Corbusier sits in his office in Paris. Le Corbusier's legacy faces a tense re-examination in his home nation after Switzerland's largest bank dropped an ad campaign featuring the modernist pioneer earlier this week. The debate has nothing to do with aesthetics and focuses solely on politics. Letters made public in recent years and a 2008 biography suggest that the architect  was a sympathizer of Hitler's Nazi regime whose Fascist tendencies went far beyond what was previously known. His real name was Charles Edouard Jeanneret. (AP Photo)

    Nazi praise sparks Swiss rethink of Le Corbusier

    He's one of the titans of 20th Century architecture, but Le Corbusier is suddenly feeling the weight of history working against him.

  • ** FILE ** The Swiss bank UBS in Zurich (AP Photo)

    Swiss Parliament approves U.S. tax deal on 2nd try

    The Swiss Parliament on Tuesday approved a treaty with the United States that will hand thousands of files on suspected tax cheats to U.S. authorities, but obstacles remain that could delay the deal for several more months.

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