The widening investigation into Bernard Madoff??s $65bn "Ponzi" scheme is focusing on at least 10 other individuals and more criminal charges are likely, according to a person close to the investigation.
American International Group Inc. said that valuation declines on credit-default swaps sold to European banks could have a ??material adverse effect? on the company??s results.
U.K. financial services companies may cut 13,000 jobs in the third quarter even as they express rising optimism for the first time in two years, according to CBI, Britain??s biggest business lobby group.