UBS has yet to fully purge itself of a global interest rate scandal that has cost the Swiss bank its reputation and put it at risk of a wave of costly civil suits, its investment banking chief said on Wednesday. The once-venerable institution was fined a record $1.5 billion last […]
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Ernst And Young Develop Software To Stop Rogue Traders
A BBC report Tuesday claims a new software capable of detecting fraud by rogue traders has been developed by the international accounting firm Ernst and Young using US Federal Bureau of Investigation, FBI, tools. According to the report, the software found out that there are more than 3,000 key terms […]
AIG may join bailout lawsuit against U.S. government
American International Group Inc , the insurer rescued by the U.S. government in 2008 with a bailout that ultimately totalled $182 billion, may now join a lawsuit against the government alleging the terms of the deal were unfair, the company said on Tuesday. The news prompted a swift reaction from […]
