 | | | | The U.S. government on Thursday filed a civil fraud lawsuit accusing UBS Group AG , Switzerland's largest bank, of defrauding investors in its sale of residential mortgage-backed securities leading up to the 2008-09 global financial crisis. | | | | | | Wells Fargo & Co said on Thursday it is restructuring its wealth and investment management business to combine its two high-net worth operations, the private bank and Abbot Downing, under a new unit leader who it has not yet named. | | | | | | Some Silicon Valley billionaires are looking for it - or at least a way to extend life spans dramatically, perhaps by hundreds of years. | | | | | | If you think you have big shoes to fill at work, take a moment to consider Jeff Glor. | | | | | | UBS Group AG , Switzerland's largest bank, faces another potentially costly legal battle as the U.S. Department of Justice draws up civil charges over the sale of mortgage-backed securities in the run-up to the 2008 financial crisis. | | | | | | Securities lending by investment funds has reached its highest level in a decade, as demand for corporate bonds surged more than 30 percent over the past 18 months and short selling of Tesla and Alibaba shares reaches a frenzy. | | | | | | Struggling Australian wealth manager AMP Ltd fears any new regulation of the finance sector would "distract" participants from acting ethically, it said on Thursday, striking a defiant tone after months of damaging allegations. | | | | | | UBS Group AG, Switzerland's largest bank, said it expects to be sued by the U.S. Department of Justice as early as Thursday on civil charges related to the sale of mortgage-backed securities in the run-up to the 2008 global financial crisis, according to a company statement. | | | | | |
