Filed Under (World Finance) by Fred Chan on 13-03-2011
A Swiss court Friday blocked Switzerland’s largest bank from turning over account information to the U.S. government under an agreement reached earlier this week in which the bank, UBS, admitted it had helped U.S. taxpayers hide money from U.S. tax authorities.
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Filed Under (Business News) by Fred Chan on 13-03-2011
The White House is using only $50 billion from the $700 billion financial industry bailout package to fund the foreclosure prevention program, a senior administration official clarified Friday.
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Filed Under (Business News) by Fred Chan on 12-03-2011
The Dow industrials ended at a fresh six-year low Friday, as worries about the outlook for the banking sector exacerbated fears of a prolonged recession.
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