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News & Updates
September 23, 2011 Pope: Italy needs an ethical 'renewal'Source: Telegraph.co.uk
The Pope called for a "renewal" of ethics in Italy as he left for a visit to Germany, in what was interpreted as a coded attack on the scandals engulfing Silvio Berlusconi and his government.
September 22, 2011 UBS Scandal Polarizes Opinions On What Went WrongSource: Wall Street and Technology
UBS's $ 2.3 billion loss from a rogue trading scandal is polarizing opinions about what went majorly wrong at the revered Swiss bank. For some, primarily UBS's CEO, it's no one's fault but 31-year-old trader Kweku Adoboli, who...
September 22, 2011 Church investors raise concerns over London OlympicsSource: efinancial news
It has $3.6bn under management and does a fair amount of corporate activism. The project is also backed by the Interfaith Center on Corporate Responsibility, a broader US Christian coalition that speaks for investors ... > 1862
September 22, 2011 S.E.C. Hid Its Lawyer’s Madoff TiesSource: NY Times
After Bernard L. Madoff’s giant Ponzi scheme was revealed, the Securities and Exchange Commission went to great lengths to make sure that none of its employees working on the case posed a conflict of interest, barring anyone who...
September 21, 2011 UBS Chief Gruebel Faces Board in SingaporeSource: Bloomberg
Oswald Gruebel, chief executive officer of UBS AG (UBSN), may face pressure to cut risk and shrink the investment bank when the board meets in Singapore today, less than a week after a $2.3 billion loss from unauthorized trading....
September 20, 2011 Ethics, ethics everywhere: A day in the life of Canadian BusinessSource: Canadian Business
As a professor, I always make a point of emphasizing to my students that ethics, far from being a niche topic, is actually pervasive in business. Ethics is what differentiates commerce from crime, but commerce also raises lots of...
September 20, 2011 SEC Probes Firms for Trades Before U.S. Rate Cut: ReportSource: The Street
NEW YORK -- Securities regulators have sent subpoenas to hedge funds and other firms as they probe possible insider trading before the U.S. government's long-term credit rating was cut last month, The Wall Street Journal...
September 20, 2011 The Amish Bernie Madoff?Source: Business Insider
An Amish man who promised guaranteed investment returns to thousands of Amish families actually lost half the money, and covered up the losses using a Ponzi scheme that ran for more than a decade, according to a lawsuit filed...
September 20, 2011 Italy criticizes S&P downgrade as politicalSource: AP
ROME — Italy criticized Standard & Poor's on Tuesday for downgrading its credit rating, saying the decision seemed politically motivated and out of touch with reality at a time when the government was working to boost growth and...
September 20, 2011 UBS Board to Meet in Singapore as Kengeter Pledges to Review Risk ControlsSource: Bloomberg
UBS AG (UBSN)’s directors will meet in Singapore, home to the Swiss bank’s biggest shareholder, this week following the disclosure of a $2.3 billion loss from unauthorized trading, according to two people with knowledge of the...
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