UBS AG

Bank of America (NYSE: BAC) said it plans cut an additional 3,500 jobs – on top of the 2,500 already announced year-to-date.

The top after-market NYSE losers on Thursday are: LDK Solar Co, Hewlett-Packard, Aeropostale, Humana, GenOn Energy, First Commonwealth Financial and UBS AG.

Banks around the world are likely to keep slashing jobs in order to compete better in what is a cut-throat global business.

More than a dozen traders have quit Goldman Sachs Group Inc's (GS.N) North American government bonds and derivatives trading desk in New York in recent months as the bank takes fewer risks and big bonuses for ambitious traders dry up.

Axel Weber, the former president of the Deutsche Bundesbank, will join the board of directors of Swiss bank UBS AG at the next annual general meeting in May 2012, according to a report on Bloomberg.

The companies whose shares are moving in aftermarket trade on Thursday are: CF Industries Holdings, Fluor Corp, CIGNA Corp, Priceline.com, Eog Resources, Carefusion, Sunoco, Metropcs Communications, Visa and American Internation Group.

The companies whose shares are moving in pre-market trade on Tuesday are: Ford Motor, UBS AG, Illinois Tool Works, Delta Air Lines, Caterpillar, 3M Co, Boeing, Cummins, AK Steel Holding, Lexmark International, Coca-Cola Co and Medco Health Solutions.

The companies whose shares are moving in pre-market trade on Wednesday are: Regions Financing, Tyson Foods, Carnival, Pultegroup, Prudential Financial, Jds Uniphase, Juniper Networks and Corning.

Foreign banks have not gotten the message when it comes to helping American clients avoid paying taxes, a top U.S. tax prosecutor said on Thursday.

Wealthy tax evaders with assets stashed offshore can come clean with U.S. authorities under a new amnesty program with reduced penalties, the government said on Tuesday.

U.S. stocks opened modestly lower on Tuesday after China raised interest rates for the third time since last October in response to accelerating consumer and asset inflation.

Swiss bank UBS AG will pay out less money in form of bonuses in 2010 than in the previous year, Swiss weekly Sonntag reported on Sunday.

Top executives at JP Morgan Chase & Co. knew about the massive Ponzi scam of the bank's client Bernard Madoff much before it became public but turned a blind eye to it, hoping to protect the bank's interests, according to a $6.4 billion lawsuit filed by a court-appointed trustee seeking to recover money for former Madoff clients.

JPMorgan Chase & Co executives stood by silently as their client Bernard Madoff ran his epic Ponzi scheme, hoping to protect the bank's investments and continue doing business with him, a newly released $6.4 billion lawsuit claims.

JPMorgan Chase & Co executives were concerned that Bernard Madoff was running a Ponzi scheme, but they silently stood by for years to protect the bank's investments, the trustee for Madoff's investors said.

European banks' total exposure to turmoil-ridden Egypt stands at around $40.3 billion, with banks in France and the United Kingdom being at greatest risk.

Construction of new homes in the U.S. rose during November but permits fell surprisingly, according to a report by the U.S. Commerce Department, indicating that the housing market might face some weakness in the coming months.