Global Markets

UBS paid $780 mln in fines and penalties to settle tax fraud case after Birkenfeld tipped IRS.

UBS paid $780 mln in fines and penalties to settle tax fraud case after Birkenfeld tipped IRS.

Agency says U.S. Aaa rating is vulnerable unless lawmakers address deficit.

Process will let customers swap lower-rated collateral for higher-rated securities; critics worry process will obscure risk.

Process will let customers swap lower-rated collateral for higher-rated securities; critics worry process will obscure risk.

Groups resist pressure to replace rate in wake of scandal.

Groups resist pressure to replace rate in wake of scandal.

The price at the pump is reapproaching the highs seen last spring, but the spike may reverse as the market recovers from Isaac, says Lord Abbett's Milton Ezrati.