Virginia Sues 13 Banks for $1.15Billion over alleged Mortgage Bond Fraud

Virginia Sues 13 Banks for $1.15Billion over alleged Mortgage Bond Fraud

By Christy Gren - Sep 17, 2014

Citigroup, Bank of America, Goldman Sachs Group, Barclays, HSBC and Royal Bank of Scotland are among 13 banks whose units were sued for $1.15bn by Virginia over sale of residential

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UBS blames NASDAQ for a loss of $357 million on Facebook’s shares

UBS blames NASDAQ for a loss of $357 million on Facebook’s shares

By Anna Domanska - Aug 04, 2012

UBS, the Swiss banking giant, informed that it lost $357 million on the Facebook’s catastrophic debut. The bank said it bought more shares than it planned because of NASDAQ’s t

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Hedge-Fund Guru Raj Rajaratnam convicted for Fraud and Conspiracy

Hedge-Fund Guru Raj Rajaratnam convicted for Fraud and Conspiracy

By Vrushti Mawani - May 12, 2011

In a historic win against corrupt investment practices, billionaire investor and Galleon Group founder, Raj Rajaratnam, was found guilty on 14 insider-trading and conspiracy charge

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Return to first-yearly profit post-financial crisis for Swiss banking giant UBS

Return to first-yearly profit post-financial crisis for Swiss banking giant UBS

By Jay Raol - Feb 09, 2011

A significant turn-around since a loss of 2.7bn francs in 2009, UBS, Switzerland’s biggest bank, has posted a net profit of 7.2bn Swiss francs ($7.5bn; £4.7bn) for 2010 –

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