FINANCIAL SERVICES

Illinois officials lied to bond investors about its pension fund's woeful state, the U.S. Securities and Exchange Commission alleges.

U.S. stocks had another strong trading day Monday as investors ignored weak data from Europe and China to lift the blue-chip index.

Saint Marina Eastern Orthodox Church trustees are mulling a second try at selling the pricey Rolex to pay the electric bill.

Puerto Rico's year-old enticing tax reforms reportedly has billionaire hedge-funder John Paulson considering a move to the tropics.

Some of the largest companies in the U.S. greatly boosted their tax-avoiding cash stockpiles abroad last year.

Dow Jones Industrial Average has shattered its old record, burying the legacy of the Great Recession.

The benchmark Dow Jones Industrial Average stock index set a record high Tuesday, pushing through the 14,164 level reached in Oct. 2007.

The world’s billionaires had a combined fortune of $5.5 trillion -- the equivalent of China’s GDP, according to Hurun.

Italy's post-election questions: What happens to Mario Monti's reforms? Will the ECB help cap rising Italian bond rates?

Gold has fallen into a price trap known as a "death cross." It may be a while before it starts rising again.

This week's highlights: FOMC and MPC minutes, Italy elections and the appointment of a new BoJ governor.

The Kremlin-controlled OAO Rosneft is talking with China National Petroleum Corp. about possibly doubling crude shipments as part of the deal.

ING is the latest European financial services company to lay off thousands of employees amid the region's debt crisis.

Many African countries are hitting the global bond market.

Tom Alexander William Hayes is the face of a scandal involving the world’s top financial institutions.

Libor fine hammers UBS' fourth-quarter net income, but operating profit climbs 6 percent.

S&P will be charged by federal and state authorities for alleged wrongdoing in its ratings of mortgage-backed securities that it issued before 2008.

Court filings suggest America’s second-largest bank gave lending relief to homeowners at the expense of investors.

The widely followed blue-chip Dow Jones Industrial Average finished above 14,000 for only the sixth time in its history.

On Friday, the DJIA came within less than 200 points of its record high following the latest nonfarm payrolls report.

Falling revenue in the U.K., Brazil and Mexico, plus billions in delinquent Spanish mortgages, hammered Banco Santander's 2012 results.

Italy's Monte dei Paschi, the world's oldest bank, is accused of hiding huge losses from complex deals just before a massive government bailout.

Billionaire investors Bill Ackman and Carl Icahn renewed their 10-year-old feud, this time on live TV.

Expectations have dropped for Bank of America’s 4Q results in the months leading up to the company’s earnings announcement, due on Thursday.

The U.S. risks having a second major credit ratings agency strip it of its top rating because of debt ceiling, deficit fights.

Staff cuts and stronger investment banking operations are expected to boost Goldman Sachs fouth-quarter and full-year performance.

Asian shares rose Friday amid an improving outlook for global economies and reduced anxiety over the euro zone, while the yen slid on renewed expectations for aggressive monetary easing in Japan.

The ECB sees the euro zone strong enough to not need monetary help, but the bank's confidence in that outlook appears paper thin.

Asian shares rose Thursday as Chinese trade data, much stronger than expected, magnified momentum overnight from global markets and kept alive hopes for a recovery in the world's second-largest economy.