FINANCIAL

UBS Libor Traders Face U.S. Criminal Charges

December 19, 2012 0

UBS AG (UBSN) will pay about $1.5 billion and two former traders face prison as the bank settled charges with U.S. and U.K. authorities for manipulating interest rates in a global conspiracy to boost profits […]

FINANCIAL

Treasury Announces GM Exit Strategy

December 19, 2012 0

Washington — The Obama administration said Wednesday it will sell 200 million shares — or 40 percent of its remaining stake in General Motors Co. — back to the automaker and announced plans to completely […]

FINANCIAL

Boehner’s House Has Increased Debt $18,944 Per Household

December 18, 2012 0

(CNSNews.com) – Under the leadership of House Speaker John Boehner (R.-Ohio), the 112th House of Representatives has thus far approved legislation that has increased the debt of the federal government by $2,176,949,774,695.46—or approximately $18,944 for […]

FINANCIAL

AmEx’s Chenault Said to Be Discussed for Treasury Post

December 18, 2012 0

White House officials have approached American Express Co. (AXP) Chief Executive Officer Kenneth Chenault about joining President Barack Obama’s second-term administration, possibly as Treasury secretary, according to two people familiar with the matter. White House […]

FINANCIAL

Foreign holdings of US debt hit record $5.48T

December 17, 2012 0

WASHINGTON — Foreign ownership of U.S. Treasury securities rose to a record level in October, a sign that overseas investors remain confident in U.S. debt despite a potential budget crisis. Total foreign holdings of U.S. […]

FINANCIAL

Spain Gets €39bn Aid for Banking

December 13, 2012 0

Spain has received a 39.5 billion euros aid package from the European Stability Mechanism to keep the country’s banking system afloat. “The funds from the European Stability Mechanism (ESM) have been received…for the Group One […]

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