Most Commented Stories Tagged: personal finance

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.

Global Politics

Elections in Britain

Campaign season officially started in Britain today. Parliamentary elections are May 6th. Prime Minister Gordon Brown and his ruling Labor Party face tough competition from David Cameron and the Conservatives. The World's Laura Lynch reports.