Ubs

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Sen. Levin Calls For UBS To Clean Up Or Shut Down Over Tax Evasion

Huffington Post | Posted 07.25.2008 | Business

Read More: Senator Carl Levin, UBS Shut Down, Swiss Bank, Tax Fraud, UBS Close, Tax Evasion, UBS Probe, Carl Levin, Tax Cheats, Ubs, Business News

**UPDATE** The Wall Street Journal reports that UBS will close private-banking operations for U.S. clients: A UBS AG executive told a U.S. Senate pa...

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Super Rich Tax Cheats Outed by Bank Clerk

ABC News | Brian Ross and Rhonda Schwartz | Posted 07.23.2008 | Business

Read More: Wealthy Tax Evaders, Wealthy, Lichtenstein, Rich Tax Evaders, Swiss Banks, Secret Bank Accounts, Tax Fraud, Tax Evasion, Heinrich Keiber, Tax Cheats, Ubs, Business News

Hundreds of super-rich American tax cheats have, in effect, turned themselves in to the IRS after a bank computer technician in the tiny European coun...

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Judge Tells Feds They Can Ask For Secret Swiss Banking Info

New York Times | Lynnley Browning | Posted 07.09.2008 | Business

Read More: Swiss Banking, UBS Privacy, UBS Secrecy, UBS Wealthy Clients, Ubs, Business News

A federal judge on Tuesday cleared the way for prosecutors to force the Swiss banking giant UBS to turn over the names of wealthy clients as part of a...

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Ex-UBS Banker Pleads Guilty, Will Help Prosecutors

AP | JESSICA GRESKO | Posted 06.27.2008 | Business

Read More: Igor Olenicoff, Ubs, Swiss Bank Account, Swiss Bank Fraud, Bradley Birkenfeld, UBS Fraud, Swiss Tax Fraud, Tax Fraud, Business News

FORT LAUDERDALE, Florida — A former UBS executive has pleaded guilty to helping clients hide hundreds of millions of dollars and evade U.S. taxe...

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Wealthy Americans Under Scrutiny in UBS Case

New York Times | LYNNLEY BROWNING | Posted 06.13.2008 | Business

Read More: UBS Bank, UBS Case, Ubs, Business News

One afternoon in April, six dozen wealthy Americans were entertained at a luncheon party in Midtown Manhattan, along with a special guest from Paris: ...

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Swiss Bank Tells Some Employees: Avoid Trips To US

Financial Times | Haig Simonian | Posted 06.05.2008 | Business

Read More: UBS Bank, Bradley Birkenfeld Billionaire Client, UBS PRivate Banking, Bradley Birkenfeld, Ubs, Business News

UBS has told members of its former private banking team responsible for rich US clients not to travel to America. The Swiss bank has also made lawyer...

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Trouble In Paradise: Record Foreclosures In Hamptons

NY Post | Posted 05.20.2008 | Business

Read More: Mortgage Crisis, Hamptons, Ubs, Business News

Homeowners in the some of the toniest ZIP codes in the Hamptons are facing a frightening reality - they can't afford to foot the bill for their high-p...

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UBS Reports $11 Billion In Losses, To Cut 2,600

AP | ERNST E. ABEGG | Posted 05.14.2008 | Business

Read More: Ubs, UBS Losses, UBS Firings, Business News

ZURICH, Switzerland — Swiss bank UBS, hard hit by the U.S. subprime crisis, reported a first-quarter loss of $10.97 billion and said Tuesday it ...

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Sports Stars Accuse Investment Advisor Of Gouging Them

Los Angeles Times | Kim Christensen | Posted 04.26.2008 | Business

Read More: Gary Fournier, Gary R. Fournier, Jerry West, Nomar Garciaparra, Financial Regulatory Authority, Ubs, Business News

NBA legend Jerry West, Dodgers third-baseman Nomar Garciaparra and a bevy of other major sports figures have accused their prominent Los Angeles inves...

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UBS Will Write Down $19 Billion

AP | ONNA CORAY | Posted 04.09.2008 | Business

Read More: German Banks, Credit Crisis, Marcel Ospel, Subprime Mortgage Crisis, Write-Downs, Swiss Banks, UBS Write-Downs, Subprime Mortgages, U.S. Real Estate, Ubs, Business News

ZURICH, Switzerland — UBS AG's chairman abruptly resigned Tuesday as the Swiss bank reported a first-quarter loss of $12.1 billion and said it w...

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Bear Stearns Stockholders Socked

Mortgage News Daily | Posted 03.28.2008 | Business

The news wasn't surprising but the price tag was a real stunner. On Sunday J.P. Morgan chase agreed to pay $2 per share to acquire failing Wall Stree...

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Is Lehman Next?

CNN/Money | Colin Barr | Posted 03.28.2008 | Business

Read More: JPMorgan Chase Buys Bear Stearns, Brokerage Firms, Asian Markets, Federal Reserve, Bear Stearns Purhcase, Bear Stearns CEO, Lehman Shares, Ubs, Bear Stearns Buyout, JPMorgan Chase, Breaking Business News, Bear Stearns and Mortgage Crisis, Bear Stearns Bailout, Lehman Brothers, Bankruptcy, Bear Stearns Collapse, Bear Stearns, Bear Stearns and JPMorgan Chase, Business News

Lehman Brothers (LEH) may be in for a long day. Shares of the brokerage firm slid 15% in early trading after the firm said it's got enough cash to kee...

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UBS Whopped By Fire Sale Talk

MarketWatch | Steve Goldstein | Posted 03.28.2008 | Business

Read More: Pimco, Alt-a Security, Allianz, Jpmorgan, Ubs, Business News

UBS may have sold a portfolio of Alt-A securities worth 25 billion Swiss francs ($24.1 billion), according to an analyst at J.P. Morgan. UBS was "hig...

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Wall Street Banks Brace For More Multibillion-Dollar Losses

New York Times | Jenny Anderson | Posted 03.28.2008 | Business

Read More: Goldman Sachs, U.S. Economy, Credit Crisis, High-Risk Loans, Corporate Buyouts, Wall Street, Auction-Rate Securities, Subprime Mortgage Crisis, American Economy, Wall Street Banks, Commercial Real Estate, Subprime Mortgages, Slowing Economy, Ubs, Credit Markets, Business News

Wall Street banks are bracing for another wave of multibillion-dollar losses as the crisis that began with subprime mortgages spreads through the cred...

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Subprimes Push UBS to First Annual Loss

AP | ERNST E. ABEGG | Posted 03.28.2008 | Business

Read More: Ubs, UBS Loss, Subprime Loans, Subprime Mortagages, Subprime Mortgages Crisis, Credit Crunch, UBS AG, Marcel Rohner, Business News

ZURICH, Switzerland — UBS AG on Thursday posted a fourth-quarter net loss of $11.28 billion, and a loss for the entire year, besieged as other b...

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Is Obama Good For Business?

BusinessWeek | Eamon Javers | Posted 03.28.2008 | Business

Read More: Potomac Primary Results, Paul Volcker Barack Obama, Obama Business, George Soros, Warren Buffett, Hillary Clinton, Potomac Primary, Paul Volcker, Barack Obama, Ubs, Business News

On Sunday, Feb. 10, after he found out he'd won that day's Democratic Presidential primary in Maine, but before his appearance on CBS's 60 Minutes, Se...

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Writedowns Hit $120 Billion

Wall Street Journal | David Gaffen | Posted 03.28.2008 | Business

Read More: Citigroup, Merrill Lynch, Morgan Stanley, UBS Writedowns, Mortgage Market, Writedowns, Ubs, Business News

The admissions of greater-than-expected writedowns from Swiss bank UBS, along with reports out of major Japanese institutions, means the total amount ...

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UBS To Post Record $11.45 Billion Loss

AP | ELIANE ENGELER | Posted 03.28.2008 | Business

Read More: Ubs, UBS AB, Switzerland, Subprime Mortgages, Subprime Mortgage Crisis, Quarterly Lossses, Quarterly Earnings, UBS Losses, Business News

GENEVA — Subprime mortgage woes deepened for Swiss banking giant UBS AG, which Wednesday said it expects a $11.45 billion hit in the fourth quar...

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Credit Suisse Shares Fall On Writedown Rumors

Reuters | Posted 03.28.2008 | Business

Read More: Credit Suisse Writedowns, Credit Suisse, Ubs, Business News

Shares in Swiss bank Credit Suisse (CSGN.VX) fell by around 3 percent on Monday after a Swiss newspaper reported the bank faced writedowns in its comm...

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Subprime Crisis Forces UBS To Write Down $10 Billion

AP | ERNST E. ABEGG | Posted 03.28.2008 | Business

Read More: Singapore, Middle East, Subprime Mortgage Crisis, Subprime Loans, Subprime Loan Crisis, Subprime Mortgages, UBS AG, Ubs, Business News

Swiss banking giant UBS AG said Monday it will write off a further $10 billion on losses in the U.S. subprime lending market and will raise capital by...

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UBS Warns Of More Bad News To Come

MarketWatch | Simon Kennedy | Posted 03.28.2008 | Business

Read More: Investment Banks, Subprime Mortgage Crisis, Ubs, Business News

Swiss giant UBS said Tuesday its investment-banking arm probably won't return to profit in the fourth quarter after the division took around $3.6 bill...

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