Governance/Regulation & Compliance

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.