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Big Bank To Pay Up Over Charges It Misled Investors

Reuters | Jonathan Stempel | Posted 08.06.2013 | Business

(Reuters) - UBS AG agreed to pay $49.8 million to settle U.S. Securities and Exchange Commission charges it misled investors about a mortgage bond tra...

The Tax Man Is Looking More Closely At Multimillionaires

Reuters | Posted 05.22.2012 | Business

WASHINGTON, March 22 (Reuters) - U.S. tax officials are putting a closer microscope on the tax filings of multimillionaires, with the audit rate for...

Case Reveals Potential Tax Evasion Links At Swiss Banks

Reuters | Posted 03.06.2012 | Business

* Indictment of 3 Wegelin bankers highlights ties * Inter-bank links key to U.S. tax evasion crackdown * Authorities eye...

Why We Are the 53% Fits Into We Are the 99%... Besides the Math

Edward Murray | Posted 12.17.2011 | Politics
Edward Murray

Regardless of what tax bracket we are in, I think we can all agree that it is morally reprehensible that the current financial system is structured to allow easy purchase of, and control over, our elected officials.

After Rogue Trader Fallout, UBS CEO Calls For Employees To Make Bank Less Risky

Posted 11.28.2011 | Business

UBS AG interim Chief Executive Sergio Ermotti appealed to staff in an internal memo to back efforts to make the bank less complex and risky, following...

Wall Street Bankers 'Answer Call' Of New Careers

Reuters | Lauren Tara LaCapra | Posted 10.17.2011 | Business

(Reuters) - In his 23 years as a banker, Adam Greene trotted the globe, closing billions of dollars' worth of deals for some of the world's biggest ba...

Bank Announces Fresh Job Cuts After Disappointing Quarter

Posted 09.25.2011 | Business

GENEVA (AP) -- Swiss bank UBS AG lowered its annual earning forecasts and announced fresh job cuts Tuesday after posting sharply diminished second-qua...

More Examiners Will Now Work At Companies They Regulate

Wall Street Journal | AARON LUCCHETTI | Posted 08.20.2011 | Business

As part of a push to prevent another financial crisis, the Federal Reserve Bank of New York and the Office of the Comptroller of the Currency are incr...

SEC Su | Chris Peterson and Joost Akkermans | Posted 05.25.2011 | Business

May 13 (Bloomberg) -- U.S. federal prosecutors and the Securities and Exchange Commission are cooperating in a preliminary criminal probe into whether...

UBS Claw Back: Bank Takes Back $282M In Bonuses After 2009 Loss | Elena Logutenkova | Posted 05.25.2011 | Business

Feb. 10 (Bloomberg) -- UBS AG's loss in 2009 will trigger the bank’s bonus claw back mechanism for the first time, depriving senior bankers of 300 m...

150 U.S.-Based UBS Clients To Be Charged With Tax Evasion

Reuters | Tom Brown | Posted 05.25.2011 | Business

MIAMI (Reuters) - The United States is building criminal cases against more than 150 American clients of Swiss bank UBS as part of a crackdown on tax ...

UBS Tax Probe: US Citizen Charged, First One

Associated Press | Tamara Lush | Posted 05.25.2011 | Business

MIAMI (AP) -- A yacht company accountant became the first U.S. citizen Thursday to be charged in the government's investigation into wealthy citizens ...