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Cricket tycoon Allen Stanford has been found guilty by a court in Houston, Texas, of running a $7 billion Ponzi scheme

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Cricket tycoon Allen Stanford has been found guilty by a court in Houston, Texas, of running a $7 billion Ponzi scheme. Allen Stanford, 61, was...

A music insider claimed that Whitney Houston was flat broke and had been living off advances from her record label for “quite some time”

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Though Whitney Houston sold more than 200 million albums - including The Bodyguard soundtrack which she earned $33million from - and singles during her...

Irish artist Frank Buckley decided to express his anger about the property boom and bust by building a house from more than a billion Euros of decommissioned notes

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Irish artist Frank Buckley decided to express his anger about the property boom and bust by building a house from more than a billion...

Kweku Adoboli, the UBS trader who allegedly gambled away a record of $2.3 billion, has pleaded not guilty to two charges of false accounting and two of fraud while working for Swiss bank UBS at Southwark Crown Court today

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Kweku Adoboli, the trader who allegedly gambled away a record of $2.3 billion, has pleaded not guilty to two charges of false accounting and...

Parijat Saha, a teacher from India, got the shock of his life when he checked his bank account online and found 490 billion rupees ($9.8 billion)

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Parijat Saha, a teacher from India, got the shock of his life when he checked his bank account online and found 490 billion rupees...

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Greenhill & Co investment banker Jeffrey Buckalew, his wife and his children are believed to be among five people killed after a small aircraft...

David Silverstein, a wealthy chiropractor from Seattle, and his wife were living in a $1.2million waterfront home while claiming almost $2,000-a-month welfare benefits and even food stamps, according to documents

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David Silverstein, a wealthy chiropractor from Seattle, and his wife were living in a $1.2million waterfront home while claiming almost $2,000-a-month welfare benefits and...

A British research suggests that women are thriftier than men and manage to build up larger savings pots despite earning less

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A British research suggests that women are thriftier than men and manage to build up larger savings pots despite earning less. The fairer sex typically...

Bank of America decided to drop the plans to charge a $5 monthly fee for its debit card use in response to complaints from both customers and politicians

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Bank of America decided to drop the plans to charge a $5 monthly fee for its debit card use in response to complaints from...

The $45 million Atlanta mansion - Forsyth County estate Le Rêve - was foreclosed and then sold at only $11.5 million

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A $45 million Atlanta mansion - Forsyth County estate Le Rêve - was foreclosed and then sold at a massive 75% drop at only...

For a frugal living, start carrying a coin purse and stop treating loose change like it's the plague

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Whether you're dealing with a lot of debts or just trying to save money, there are multiple circumstances that can force someone to change...

Faster Tesla Model S goes from a standstill to 60 miles (96.56 km) in 4.5 seconds.

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The electric car fans saw and rode a prototype of Tesla Model S at the Tesla Motors factory in Fremont, California, on October 1.   The...

The life-extending medication should not be use as it shows no benefits for terminal cancer, and has dangerous side-effects, said the cancer experts.

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A report on managing  cancer costs, made by 37 cancer experts (economists, patient advocates and physicians) from developed countries (U.S., UK, Germany, Australia), was...

Kweku Adoboli will face a second count of fraud in addition to two charges of false accounting over three years at UBS

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Kweku Adoboli, the suspected UBS rogue trader said today that he was “sorry beyond words” for the record $2.3 billion losses suffered by Swiss...

Full Tilt Poker built a global Ponzi scheme that bilked online players out of at least $390 million, said federal prosecutors

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Full Tilt Poker and its operators built a global Ponzi scheme that bilked online players out of at least $390 million, said federal prosecutors...

S&P cut Italy's government debt rating from A+/A-1+ to A/A-1 and said country's economic growth prospects were getting weaker, with planned reforms by the government not expected to help much

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Standard and Poor's dropped Italy's credit rating from A+ to A, with the ratings agency keeping the country's outlook on negative in a surprise move...

Kweku Adoboli is charged with $2.3 billion fraud at Swiss banking giant UBS

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Swiss banking giant UBS has admitted that the losses allegedly racked up by “rogue trader” Kweku Adoboli has risen from $2 billion to $2.3...

Kweku Adoboli enjoyed parties and the company of attractive women

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Kweku Adoboli, the suspected rogue trader accused of a staggering $2 billion fraud told friends he needed “a miracle” days before he was arrested. Kweku...

Kweku Adoboli, the rogue trader arrested in London for $2 bn UBS losses (Facebook image)

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UBS rogue trader arrested in London for $2 bn losses.   Kweku Adoboli is the suspected rogue trader who was arrested in London at early hours...

London police have arrested a man in connection with allegations of unauthorized trading which has cost Swiss banking group UBS an estimated $2 billion

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Kweku Adoboli, the rogue trader arrested in London for $2 bn UBS losses.   London police have arrested a man in connection with allegations of unauthorized...

DSK is suing Tristane Banon for defamation, alleging she made up the "imaginary" assault as a publicity stunt

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DSK is back to France.   DSK freed to return to France.   DSK spent more than three hours in a police interview as a "witness" just over...

William H. Millard was one of the world’s most-wanted tax exiles and totalled unpaid tax bills of more than $100 million for over 20 years

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William H. Millard , former ComputerLand CEO was one of the world’s most-wanted tax exiles and allegedly totalled astonishing unpaid tax bills of more...

Warren Buffet Bank of America

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Omaha, NE (NYSE: BRK.A; BRK.B)—An editorial in today’s Wall Street Journal says that “Berkshire Hathaway will enjoy an effective tax rate of 10.5% on...

Bank of America saved by Warren Buffet

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Bank of America Corporation announced today that it reached an agreement to sell 50,000 shares of Cumulative Perpetual Preferred Stock with a liquidation value...

Stock market collapse affects average people's lives.

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Are you among those who don’t invest in the stock market? Do you think stock market crashes doesn’t concern you? But… the truth is… they...