personal finance

Global Politics

Microinsurance grows in Colombia

Some insurance companies are offering microinsurance for the poor, especially for health matters, meant to protect the poor against financial disasters caused by illness, death or crop failure. Reporter John Otis has the story from Barranquilla, Colombia.

Business, Finance & Economics

Swiss banking giant announces major losses and layoffs

Switzerland's largest bank - UBS - announced massive layoffs today after reporting a $ 1.75 billion loss for the first quarter of 2009. Account holders worldwide continue to withdraw funds after the banking giant agreed to cooperate with foreign authorities investigating tax fraud. Anchor Marco Werman speaks with Jack Blum, a U.S. attorney specializing in tackling offshore tax abuse.