Bonds

UBS to pay $230M for risky mortgage-backed securities

The financial services company UBS has agreed to a $230 million legal settlement with the state of New York stemming from the firm's handling of mortgage-based securities in the lead up to the 2008 financial crisis.

UK is infused with Russian money, making a crackdown hard

As Prime Minister Theresa May solemnly told a packed House of Commons last week that she would expel 23 Russian diplomats over the nerve-agent attack on a former spy, British investors across town were lending millions of dollars to Moscow's state-controlled natural gas giant, Gazprom.