UBS

Hackers deface Stratfor's website, steal credit card data to fund donations Mon, 12/26/2011 - 15:23 by Jaspreet Virk Hackers, claiming to be members of Anonymous and LulzSec, have broken into the website of U.S. security firm Stratfor. Comments Read more	Morgan Stanley to slash 1600 jobs Fri, 12/16/2011 - 20:35 by Jaspreet Virk It's going to be a tough new year for many at Morgan Stanley. The Wall Street bank has disclosed plans to cut 1600 jobs in the first three months of the coming year. Comments Read more	Fitch downgrades Lloyds, RBS, UBS Sat, 10/15/2011 - 15:25 by Jaspreet Virk Fitch Ratings has downgraded three European banks and put another seven lenders on the negative watch list. Comments Read more
UBS chief exec Oswald Gruebel resigns amid scandal Sun, 09/25/2011 - 16:45 by Neka Sehgal UBS chief executive Oswald Gruebel resigned Saturday, after taking the blame for an estimated loss $2.3bn (£1.5bn) caused by unauthorized speculative trading at its London-based investment banking unit. Comments Read more	The Cutthroat Battle for Your Money Sat, 12/11/2010 - 07:09 by Dan Caplinger Investors like to think that the financial advisors they work with are 100% focused on making sure they pick the best investments. But now more than ever, advisors have their own jobs to worry about -- and as Wall Street deals with increasing regulation and pressures on profits, you may find yourself on the short end of the customer-service stick. Comments Read more	7 Diversified Financials Stocks Near 52-Week Highs Thu, 10/28/2010 - 11:37 by Anand Chokkavelu I love bargain stocks, especially when they're hitting 52-week lows. Still, it can be instructive to also look at stocks that are riding high. For one thing, they can make good sell candidates. More optimistically, we may be able to find a few companies that can continue their upward climbs. Comments Read more
Swiss lower house approves UBS deal Wed, 06/16/2010 - 11:22 by Pankaj Damin Bern, Switzerland -- The lower house of the Swiss Parliament approved a deal that would allow a Swiss bank to provide tax information on clients to U.S. tax authorities. Members of the lower house, however, are considering putting the proposition up to a national vote, which could delay or derail the agreement, which began with a 2009 lawsuit in Florida in which the U.S. Justice Department charged the bank with aiding U.S. tax evaders. The agreement has been bouncing between approval and the claim that it is unconstitutional for Switzerland to divulge information on bank clients, The New York Times reported Tuesday. Comments Read more	UBS whistle-blower seeking clemency Thu, 04/15/2010 - 22:27 by Inderjit Singh Washington -- UBS whistle-blower Bradley Birkenfeld chose April 15, Tax Day, to request President Barack Obama grant him clemency, the National Whistleblowers Center said. Birkenfeld was the star witness in the U.S. Department of Justice case against Swiss bank UBS in 2009 in which the bank was accused of helping wealthy U.S. clients hide assets from the IRS, amounting to a $20 billion tax evasion scheme. UBS agreed to pay a $780 million fine and hand the IRS the names of about 4,000 U.S. clients. Birkenfeld, a UBS banker, admitted to helping clients hide their assets -- including smuggling diamonds out of the country in toothpaste tubes -- and was given a 40-month sentence, which began in January. Comments Read more	UBS client pleads guilty to tax evasion Wed, 04/14/2010 - 09:46 by Pankaj Damin Washington -- The U.S. Department of Justice said Tuesday that an agreement with UBS bank in Switzerland has netted its eighth guilty plea on tax felony charges. UBS admitted in 2009 that it had helped U.S. clients hide money from the IRS and entered into a deferred prosecution agreement with the Justice Department in which it agreed to provide names and account information to U.S. authorities. The Justice Department said Paul Zabczuk of The Woodlands, Texas, had pleaded guilty to hiding assets from the IRS in a case prosecuted at the U.S. District Court for the Southern District of Florida. Zabczuk admitted that he failed to reveal the assets and the interest earned from an account at UBS, one of Switzerland's largest banks. Comments Read more
UBS expects to post pretax profit of $2.4B in 1Q Mon, 04/12/2010 - 16:51 by Jaspreet Virk With the financial sector rebounding, Swiss banking giant UBS AG said Monday that it expects to post a pre-tax profit in the first quarter this year. Comments Read more	UBS reports net profit; outflow increases Tue, 02/09/2010 - 15:33 by Ishita Sood New York, February 9 -- Swiss bank UBS AG reported its first net profit in five quarters on Tuesday. The Zurich based bank reported a net profit of 1.21 billion Swiss francs in the quarter ended Dec. 31. Comments Read more	Swiss ruling halts UBS handing over tax evasion data to U.S. Sun, 01/24/2010 - 18:24 by Jamie Anderson Berne, Switzerland, January 24 -- The see-saw battle between Swiss bank UBS (UBS.N) and the tax authorities in the United States that was finally resolved in the court has taken another twist. Comments Read more