CNN's Nina dos Santos explains how exchange traded funds left "unhedged" played a role in UBS's loss.
A bank trader accused of fraud in connection with a $2.3 billion loss in unauthorized trading reported by Swiss giant UBS is "sorry beyond words," his lawyer said Thursday.
Corruption investigators are to press for criminal charges over BAE Systems' arms deals, setting the stage for a showdown in Britain's most politically-charged corporate corruption case.
Automakers spar with lawmakers over financial aid package. CNN's Dana Bash reports.
The circumstances surrounding the 2005 collapse of carmaker MG Rover are to be investigated, the British government confirmed Monday.
Britain's Serious Fraud Office and London police are investigating an alleged $81 million (£56 million) fraud on the corporate banking department of Allied Irish Banks (AIB).
Spanish police have arrested six people linked to a $600 million fraud on the London stock market, after an investigation started by British authorities four years ago, a National Police statement said Wednesday.
An independent committee, commissioned ten months ago by BAE's board, has released its review of the firm's business ethics
The British High Court ruled that prosecutors acted unlawfully when investigating accusations of corruption in a BAE arms deal with Saudi Arabia
UK Attorney General Lord Goldsmith on Friday denied media reports that he ordered investigators to conceal payments from an international anti-bribery watchdog agency.
Controversial British MP George Galloway was facing calls from angry constituents to resign his post after being evicted from the reality TV show "Celebrity Big Brother."
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