CNN's Nina dos Santos explains how exchange traded funds left "unhedged" played a role in UBS's loss.
A bank trader accused of fraud in connection with a $2.3 billion loss in unauthorized trading reported by Swiss giant UBS is "sorry beyond words," his lawyer said Thursday.
Automakers spar with lawmakers over financial aid package. CNN's Dana Bash reports.
An independent committee, commissioned ten months ago by BAE's board, has released its review of the firm's business ethics
The British High Court ruled that prosecutors acted unlawfully when investigating accusations of corruption in a BAE arms deal with Saudi Arabia
UK Attorney General Lord Goldsmith on Friday denied media reports that he ordered investigators to conceal payments from an international anti-bribery watchdog agency.
Controversial British MP George Galloway was facing calls from angry constituents to resign his post after being evicted from the reality TV show "Celebrity Big Brother."
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