Tag Archives: Banks

UBS Trader Accused Of Fraud Weeps In Court

A City trader wept as he appeared before court over an alleged £1.3bn fraud at Swiss bank UBS. Kweku Adoboli, 31, appeared at City of London Magistrates Court in connection with the huge losses – which the bank complained were … Continue reading

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Yahoo CEO Bartz fired over the phone, rocky run ends

Yahoo Inc Chairman Roy Bostock fired CEO Carol Bartz over the phone on Tuesday, ending a tumultuous tenure marked by stagnation and a rift with Chinese partner Alibaba. Chief Financial Officer Tim Morse will step in as interim CEO, and … Continue reading

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China raises bank reserves again

Reuters-China raised banks’ required reserves on Sunday for the fourth time this year, extending the fight against excessive liquidity and stubbornly high inflation in the world’s second-largest economy. The reserve rate rise, which followed an increase in benchmark bank interest … Continue reading

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Mubarak’s net worth estimated at $40-70 bn

President Hosni Mubarak’s power may have visibly crumbled before the world on Jan. 25 when protesters took to the streets of Cairo, but his personal wealth will likely be intact when he leaves office as pledged at the end of … Continue reading

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Rihanna beats Elvis Record In UK Chart History

Rihanna has re-written the record books to become the first female solo artist in UK chart history to achieve five number one singles in consecutive years. The 22-year-old’s single and album both went to number one this week – adding … Continue reading

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NEWS ALERT-The consequences of repeal

To All Subscribed and Future Members of Organizing for America, Our progress is under attack. Their majority is not even a day old, but House Republicans are already getting ready to pass a bill to repeal health reform. Instead of … Continue reading

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