Latest Stories

UBS Asks US Court to Toss Hayes’ $400 Million Libor Suit

UBS Group AG asked a US court to dismiss a suit filed by its ex-trader Tom Hayes that accuses the lender of handing him over on a “silver platter” to global prosecutors in order to protect the bank and its senior leadership during the Libor rigging scandal.

Guns and Ammo Excise Taxes Getting Attention in Five States

Lawmakers in at least five states are considering legislation placing new taxes on manufacturers and dealers of firearms and ammunition as a strategy for addressing gun violence, following a model established by California and Colorado in 2024.