A pedestrian walks past the New York Stock Exchange on Wall Street on Aug. 8, 2011. (Credit: AP / Jin Lee). U.S. stock indexes are closing higher following encouraging news on consumer spending and home sales.
WASHINGTON (AP) - Ben Bernanke no longer leads the Federal Reserve, but he's hardly letting up in his defense of the ultra-low-rate policies he engineered - and his successor, Janet Yellen, has continued.
Swiss private bank BSI will pay a $211m penalty as the first financial institution to resolve a tax probe in a landmark US justice department programme that is aimed at having banks self report tax evasion efforts.