The U.S. Securities and Exchange Commission is scrutinizing comments made by Inspector General H. David Kotz on a paid radio program that markets retirement products
Bank of England policy maker David Miles said there’s a risk a country may leave the 17-nation euro area and that the threat from the region’s crisis has increased uncertainty about the outlook for the U.K. economy.
UBS AG, Switzerland’s biggest bank, invested $506 million in Grupo de Inversiones Suramericana SA, helping the Medellin-based company raise funds to pay for its purchase of Latin American assets from ING Groep NV.
SKS Microfinance Ltd., an Indian lender to the poor backed by Sequoia Capital, plans to branch out into financial services including life insurance targeting the country’s rural regions after its founder quit.
China widened efforts to support cash-strapped companies in Zhejiang and rural areas hit by a credit squeeze that’s slowing the second-largest economy just as Europe’s debt crisis saps export demand.
The British Chambers of Commerce and London Stock Exchange (LSE) have thrown their weight behind calls for George Osborne to use ‘credit easing’ to bypass the banks and stimulate a “wave of retail investment” in small firms.