monday. what is the latest on where this case stands? reporter: cohen says that he was asked to appear as a rebuttal witness if the grand jury hears from his former attorney costello. cohen served three years in prison for his role in this case and in vocal opposition of the former president since. jericka? thank you. now to the latest bank crisis. today swiss banking giant ubs agreed to a deal to credit suisse. president vladimir putin made surprise visits to two russian occupied parts of ukraine this weekend, including the city of mare mariupol.
encourages companies to make their i.p.o. s now you know with interest rates rising in the u.s. there is the idea on the markets that we are ending the end of a cycle and that this is the time for a company to go public if you want to do it cannot who is in at the frankfurt stock exchange things. representatives of swiss banking giant u.b.s. are appearing in court today on charges that the bank orchestrated a huge tax fraud scheme it s accused of enabling wealthy french clients through donor proceeds from tax for that took place between two thousand and four and put in twelve drug comes after a six year probe that was launched on for a former employee alerted authorities to the bank s alleged criminal activities. now from the u.b.s. worker who broke that story and what he expects the outcome of the case could be my understanding is if they re found guilty certainly the amount of the fine will be much higher i believe than the one point four billion euro and it should be more
should be as a percentage of the assets with the french government has been cheated the french taxpayers have been cheated and they should set an example for u.b.s. . you know the energy sector only a few names there is connected with the dangers of nuclear energy as the ukrainian town of chernobyl in april one thousand nine hundred eighty six a botched test a reactor number four ultimately led to thousands of deaths and clouds of nuclear fallout across much of europe now just a stone s throw away from way europe s biggest nuclear calamity took place new solar power plant has been. the seat of power for the future next to the socket for guests of power as past genoa build built in a contaminated area which remains largely uninhabitable these solar panels produce enough energy to power two thousand apartments. and this is not this just.
tabs on statement out of this week s fiscal cliff talks, they ll also be watching for friday s release of the november jobs report and what impacts superstorm sandy and those fiscal fears may have had on hiring. meanwhile, the national retail federation is asking congress to step in and stop striking clerical workers who shut down 10 of 14 terminals at two california ports. the group estimates the now week-long strike is costing $1 billion a day. edward glen hayden, managing director and head of global interest rates at morgan stanley, pictured here during his days at goldman sachs is being investigated by commodities and futures regulators. according to the new york times, the question is whether hayden s trading manipulated the price of treasury futures while he was back at goldman in 2008. news corp. announced the ceo of its uk newspaper operations who took the reins in july of last year is stepping down. swiss banking giant ubs is reportedly close to reaching a $450 million
moral failure. the judge threw out the sexual assault case against him but he remained adamant that it did not include any attempt to rape. world business today starts right now. good morning from cnn london, i m charles hodson. i m manesha tank. the top stories this monday, september 19th. markets are gripped by greek contagion fears as tim geithner tells europe to do more to curb the crisis. dominique strauss-kahn said he made a moral error. could china be facing a banking crisis of its own? we ask a construction bank. well, whether that s the case or not, investors have a lot to think about this monday and center stage. a meeting of the finance ministers friday failed to deliver any concrete solution to the greek debt crisis. with more on that in a moment. first a look at how the stock markets are faring and we are really seeing some dives there off by nearly 2%, the london ftse. getting on for 3% for the dak and cac 40. off by 1.6% is this eu finance minister