UBS has turned to its shareholders to bail it out of its sub-prime troubles
with a rights issue of $16bn Swiss Francs (£7.9bn).
The bank hopes to generate the extra capital as shareholders snap up the
heavily discounted shares in a bid to galvanise its balance sheet, the
In making the rights issue, the Swiss bank has followed the example of other
institutions taking steps to firm up their capital cushion.
RBS has asked for £12bn, HBOS is seeking £4bn and Bradford & Bingley
hopes to generate £300m.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements