Yahoo! Finance News – U.S. Securities and Exchange Commission, Bank of Italy, Cyprus, Congress, UBS in settlement talks with SEC over mortgage bond deal
UBS AG is in talks with the Securities and Exchange Commission to settle allegations the bank defrauded investors in a mortgage bond deal that soured during the financial crisis, the Wall Street Journal …
Bank of Italy warns political impasse dents economic recovery
Italy’s political stalemate and renewed financial market turbulence could undermine the country’s recovery from its longest recession in two decades, a Bank of Italy official said on Saturday. Italian …
Tiny Cyprus Matters to Europe
At barely one million inhabitants, Cyprus’ population is minuscule. Yet what is happening in Cyprus could have enormous implications for Europe?s economic future and for the very survival of the euro itself.
Congress Thwarts Post Office?s Plan to Eliminate Saturday Delivery
In a setback to the United States Postal Service’s cost-saving efforts, Congress has passed legislation requiring a six-day postal service delivery schedule.