Swiss Franc

UBS to Pay $1.5 Billion in Fines Over Interest Rate Rigging Scandal

UBS, Switzerland's largest bank, agreed Wednesday to pay some $1.5 billion in fines to international regulators following a probe into the rigging of LIBOR, a key global interest rate. That makes UBS the second bank, after Britain's Barclays, to settle over the rate-rigging scandal.

10 Smart Places to Invest In Case the U.S. Defaults

The odds that the U.S. will default on its debt increase each day, and even if a short-term deal is reached, the ratings agencies may downgrade U.S. debt anyway. If that happens, turmoil could roil the markets. So where can the smart money flee for safety? 24/7 Wall St. offers 10 safe options.

Safe Haven No More: Swiss Franc Headed for Trouble

The Swiss franc has been the second-best performing major currency over the past six months, outpacing the dollar by 8.9% and the euro by 7.8%, thanks to shaky conditions elsewhere in Europe. But a broad range of signs suggest the Swiss currency is due for at least a short-term correction.

Now Hungary's Debt Woes Are Rattling Global Markets

Hungary became the latest member the club of countries on the economic brink Friday after its newly elected government said it might default on its debts. Investors battered European stocks and Hungary's currency, the forint, and pushed the euro below $1.20 for the first time in four years.

Dollar jumps on talk of Fed rate rise

United States policy makers have added more than $12.8 trillion in credit market liquidity and stimulus to the financial system and the economy,...

U.S. dollar down? Just wait awhile

In economics and in financial data analysis, superlatives are generally avoided. (Certain financial news shows on cable TV are the exception, of...