Tuesday 30 June 2009


Swiss Banks Shun Americans as U.S. Compels Disclosure: UBS AG and Credit Suisse Group AG, the country’s biggest banks, have told Americans to move their money into specially created units registered in the U.S., or lose their accounts. Smaller private banks such as Geneva-based Mirabaud & Cie. are closing all accounts held by U.S. taxpayers.

Struggling cities cancel Fourth of July fireworks: Nearly 50 cash-strapped cities nationwide are forgoing fireworks festivities, choosing instead to retain jobs or, in the case of Montebello, Calif., give the money to food bank