Four former dealers at UBS plundered customer accounts to trade and dumped the resulting losses on them, Britain's financial regulator said, further denting the battered Swiss bank's reputation.

Stocks finished mixed Tuesday as techs struggled after a downgrade on Intel. Transports rose following news that that Warren Buffett is buying Burlington Northern railroad. Industrials also gained after this week's encouraging manufacturing reports.

Stocks tumbled Tuesday, led by techs after an analyst downgrade on Intel. Transports rose following news that Warren Buffett is buying Burlington Northern railroad.

With the markets in volatility mode, investors will likely be focusing on the Federal Reserve Tuesday, even though the 2-day Federal Open Market Committee meeting that begins this afternoon won't conclude until Wednesday. 

Swiss bank UBS does not expect a recovery of client inflows anytime soon as it continues to struggle to rebuild its reputation after a bitter U.S. tax row even as its underlying performance improves.

The U.S. dollar rose to a one-month high against a basket of currencies Tuesday as concerns about the global banking sector and weaker equity markets boosted the greenback's safe-haven appeal.

Police in Thailand arrested two people on Sunday on suspicion of spreading rumors about the health of the country's 81-year-old king that triggered a slide in stock prices, police said.

WASHINGTON (Reuters) -- Move over Switzerland. The tiny state of Delaware beats the Alpine country in a contest for the most secretive financial jurisdiction, a tax justice rights group said on Saturday.

NEW YORK (Reuters) - The Securities and Exchange Commission is in settlement talks with several large financial institutions to resolve investigations into the awarding of municipal investment contracts, the Wall Street Journal reported on Saturday.

By Kim Dixon

The U.S. government has served subpoenas on wealthy individuals in recent days in the New York area, targeting those who may have evaded taxes using offshore accounts at Swiss bank UBS AG, lawyers said on Wednesday.

By Tom Brown

A British-born Florida yacht broker and former client of Swiss bank UBS AG received a reduced, two-month prison sentence for tax fraud on Friday because he cooperated with a U.S. investigation into the bank.

UBS plans to improve its pay structure by hiking fixed salaries and matching bonuses to sustainable performance, but won't implement the changes until its key businesses return to profit, an internal memo showed.

By Katie Reid and Lisa Jucca