Morning Scan: Former Salomon Chief Dies; Iran to Create 'Bad Ba...

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U.K. Court Orders Banks to Pay Tax on Bonuses: The U.K.'s highest court ordered UBS and Deutsche Bank to pay taxes on shares given to employees more than a decade ago as bonuses. The decision occurred in two separate cases as British authorities argued in the court that the banks' bonus strategy was designed to avoid taxes. The two banks had awarded shares to employees from 2003 to 2004 in one-off bonus...