Former UBS AG (NYSE: UBS) banker Bradley Birkenfeld has been granted a whistleblower award of $104 million for supplying the U.S. Internal Revenue Service with information on more than 4,000 secret accounts…
Paul Ausick A South Korean court awards patent victories to both Apple Inc. (NASDAQ: AAPL) and Samsung in a patent dispute. The judges add that Samsung did not violate key iPhone design property. (Reuters)…
Standard Chartered continues to seek an agreement with the U.S. government to settle money laundering charges. (Reuters) The new Samsung tablet has a unique split screen technology. (Reuters) A judge presses for…
Societe Generale SA on Wednesday blamed its worse-than-expected second-quarter profit on write-downs on assets in the United States and Russia. France’s second-largest lender by market value reported that its net profit in…
U.S. stocks are set to open higher on the final day of July. All three indexes are expected to post mild gains for the month. Futures on the Dow Jones Industrial Average…
UBS (NYSE: UBS) posted earnings that were hit by, among other things, a loss due to the Facebook (NASDAQ: FB) IPO. It was the first loss of substantial size released by any large…
The week ahead is going to be a busy week. There are many traditional events to watch, but by now the market participants and investors have learned that they have to pay…
Warren Buffett of Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) is often considered the greatest investor in modern times. Some of us think that his status should be one of “The greatest…
European leaders are taking the aid directly to the banks to stave off any added crisis. The futures in the U.S. are soaring and the markets in Europe are up big. This…
A Swiss newspaper reported over the weekend that Swiss-based Credit Suisse Group AG (NYSE: CS) may bring forward a planned issue of $6.26 billion in contingent convertible bonds — called CoCos —…
Paul Ausick We had been informed that Moody’s was going to finally release its massive downgrade of the banking system today. The Moody’s warning came back in February that the downgrade was coming, so this…
24/7 Wall St. has been expecting this highly anticipated Moody’s downgrade of the large banks and investment banks for weeks. It appears that the wait is over as the downgrade is set…
Shares of Credit Suisse Group (NYSE: CS) are getting hammered in the pre-market this morning following an unusually direct instruction from the Swiss National Bank (SNB) to expand the Credit Suisse’s “loss-absorbing…
Paul Ausick Moody’s has telegraphed a banking sector review for quite some time, and it has actually been ongoing and the ‘bad news’ should be out very soon. We skipped many of the smaller…
It is never a good thing to see a run on the banks. That is what the fears were recently indicating in Greece. The problem is that Spain is a much larger…
