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Volatility in equity markets is burning smart-money players, and even experienced traders are finding it hard to keep up.

Swiss bank, UBS AG, said it has suffered a $2 billion loss due to rogue trading and the London police arrested a 31-year-old man on suspicion of fraud.

Commonwealth Bank of Australia appointed several top executives on Friday, including a key Credit Suisse dealmaker, highlighting its efforts to acquire top talent under its new chief executive.

Investors obviously applauded the move, sending Morgan Stanley shares up 7.2 percent in Thursday’s trading.

Fiat and Chrysler chief executive Sergio Marchionne said the euro single currency system could be derailed unless European leaders resolved the debt crisis.

Some banks may have to get help from the state as plunging share prices could make it difficult to raise capital, UBS chief executive Oswald Gruebel told Swiss newspaper Sonntag in an interview published on Sunday.

The United States is drafting legal documents that seek to force nearly a dozen Swiss banks and international banks with Swiss branches to disclose the identities of American clients evading billions of dollars in taxes, sources briefed on the matter said.

Credit Suisse has hired Greenhill & Co investment banker George Matsuzaka to focus on the insurance sector, according to an internal memo obtained by Reuters on Friday.

After learning the economy added no new jobs in August, investors say they are ready for bold ideas from Washington to put people to work.

General Motors Co recognizes that its pension deficit represents a risk to the company that management is hoping to take off the table for investors, Vice Chairman Steve Girsky said on Wednesday.

Among the legions of Brazil-watchers who were caught off guard by last week's 50 basis point interest rate cut, count President Dilma Rousseff.

Major stock indexes fell more than 2 percent on Tuesday on fears the euro zone's sovereign debt crisis was worsening and the U.S. economy was sliding back into recession.

AT&T must pay a hefty break-up fee to Deutsche Telekom, the owner of T-Mobile USA, the German company said. Last week, the U.S. Justice Department filed to block the $39 billion deal.

Hong Kong shares edged higher on Tuesday, as a late short covering rally helped snap a two-day losing streak, but strong gains in utilities names and low turnover suggest that investors remain skeptical the bounce can be sustained.

The United States has written to Switzerland to demand it hands over detailed information this week on its citizens using Swiss accounts to dodge tax or see Credit Suisse and nine other banks face charges, newspapers reported on Sunday.

U.S. government bond investors see Federal Reserve action to boost the flagging economy as practically a done deal after Friday's dismal jobs report.

The Shanghai branch of British bank Barclays has won approval to become a trading member of the Shanghai Gold Exchange, the seventh foreign financial institute to obtain such membership, said the exchange on its Web site.

Slumping export demand slowed factory activity in some of Asia's biggest economies in August, although China fared better thanks to solid domestic growth, a series of surveys released on Thursday showed.

Slumping export demand slowed factory activity in some of Asia's biggest economies in August, although China fared better thanks to solid domestic growth, a series of surveys released on Thursday showed.

Gold and bonds surged on Tuesday and U.S. stocks rebounded in choppy trade as a recovery in risk appetite among some investors was countered by bearish economic news.

European shares gained in early trading Monday morning, tracking a late rally in Wall Street Friday, after Federal Reserve Chairman Ben Bernanke raised hopes for more economic stimulus.

Switzerland's banking industry may have to slash 10,000 jobs by the end of next year, particularly at Swiss subsidiaries of big foreign banks, Swiss newspaper SonntagsZeitung reported.

The Swiss government may be paving the way for a large-scale transfer of Credit Suisse client data to the United States in order to save the bank serious legal troubles that might endanger its future, a Swiss newspaper reported.

XCMG Construction Machinery Co Ltd (000425.SZ) is slated to start pre-marketing on September 5 for an up to $1.5 billion planned share listing in Hong Kong, IFR reported on Friday.

Switzerland's biggest bank UBS AG is to axe 3,500 jobs to shave 2 billion Swiss francs ($2.5 billion) off annual costs as it joins rival investment banks in reversing the post-crisis hiring binge and preparing for a tough few years.

UBS announced cuts of 3,500 employees on Tuesday, mostly in its investment banking division, as the layoff trend continues in the banking industry.

Swiss bank UBS AG plans to slash around 3,500 jobs, almost half of them from its investment bank, as it seeks to shave some 2 billion Swiss francs from annual costs by the end of 2013.

Moves by the Swiss National Bank to curb strength of the Swiss franc will fuel investors' insatiable demand for gold, adding to its relentless rise to new record highs as confidence in the franc as a safe store of value dwindles.

Credit Suisse Group (CSGN.VX) will buy the nearly 50 percent stake it does not own of Brazilian investment fund Hedging-Griffo, which the Swiss bank will make its sole asset management platform in Latin America's biggest economy, a local newspaper reported on Monday.