British government environment minister Chris Huhne resigned on Friday after the announcement that he would have to face charges over dodging a speeding fine by having the penalty points put on the driving licence of his now estranged wife. The resignation of Chris Huhne, 57, triggered a limited reshuffle in Prime Minister David Cameron’s coalition [...]

Competition Commission of Switzerland (COMCO) has announced opening of investigations against UBS and Credit Suisse, as well as against more than ten foreign financial institutes and other companies. COMCO cited receiving information regarding potential unlawful agreements among banks. Specifically, collusion between derivative traders might have influenced the reference rates LIBOR und TIBOR. The release says [...]