UBS
Latest UBS News
-
UBS Posts $1 Billion Net Profit in First Quarter
Switzerland 's biggest bank , UBS AG , has posted a profit of period a year ago. The bank , based in Zurich, posted practice." He said the bank 's capital cushion rose to 10 percent, giving UBS "a competitive advantage
-
Chastened Banks Cuts Tens of Thousands of Jobs
CUTTING COSTS: Bank of America has homed in on investment banking and workers, with the bank slashing 1,600 SLIMMING DOWN: Switzerland 's UBS has been cutting create a simpler bank , which includes layers." In investment banking, it has
-
Predictions of ECB Rate Cut Grow as Growth Fades
Christian Schulz, an analyst at Berenberg Bank in London, after the Ifo survey was released. Analysts at Swiss bank UBS have changed their forecasts and now end of next year. Analysts at Royal Bank of Scotland and Nomura also shifted
-
Cost-Cutting Gives Credit Suisse a Huge Q1 Lift
Swiss bank Credit earlier. Switzerland 's second-biggest 3 billion Swiss francs 2013." The bank , based in competitor, UBS AG , Credit back on its investment banking as much as UBS , and a restructuring with the Swiss government
-
Graduates, Parents Riddled With Student Debt Turn to BankruptcyThey just didn't respond," Clark said. The larger part of the loans passed through the Swiss bank UBS and then was acquired by the Swiss central bank during the financial crisis. StabFund ultimately settled with Reynoso, said his attorney
-
Tax Refunds May Be Delayed By Cliff Wrangling
recommended suing banks that were involved. Yesterday, UBS agreed to pay $1.5 billion in fines for trying to rig LIBOR. It's the second global bank to face penalties. Ports on the East Coast are bracing for
News
-
Gun Industry Shares Plunge After Shootings
from the LIBOR rate rigging scandal. Swiss bank UBS says it has admitted to fraud - and has agreed to pay US British and Swiss authorities about $1.5 billion loans and contracts around the world. UBS said some of its employees tried to
-
Watchdogs Question Obama Donor Influence in 'Fiscal Cliff' Meetingsparticipants includes at least six bundlers - including UBS Americas chairman Robert Wolf and Centerbridge Partners opportunity to let him know what else they expect for their investment ," she said. The Sunlight Foundation's Bill Allison
-
6 Worst Credit Cards
much to improve the card. US Bank did not immediately return products Card Hub analyzed, the UBS Preferred Visa Signature Credit balance transfers, however. UBS did not immediately return Card, managed by Barclays Bank , may seem like a status symbol
-
Hurricane Sandy Shuts Down the Stock Market
confidence come out this week. Switzerland 's largest bank , UBS , is planning to cut thousands of jobs in its investment -banking business. Some divisions will be wound down as UBS restructures itself. Richard
-
Goldman Sachs Employees Abandon Obama Campaign Finance ShipOf the securities and investment firms that the Center from the securities and investment sector are: 1. Goldman from the securities and investment sector were: 1. Goldman 3,856,121 3. UBS AG : $3,174,146 4
-
7 Richest Snitches: Time to Rat Out Your Boss?clients to hide money in Swiss accounts. Have any other whistleblower awards: 1. UBS : $104 million; September said his former employer UBS had perpetrated. 2. Pfizer anti-seizure drug Depakote. 6. Bank of America: $25 million
-
Whistleblower Gets $104 Million From IRS
his employer, UBS , helped thousands employer, forcing UBS to admit that clients. UBS agreed to release related to secret bank accounts in Switzerland and elsewhere actions against UBS AG ." Birkenfeld evaders using Swiss bank accounts in
Videos
-
Indicted UBS Bank Parties Onmoney and power intersect. And a bank under criminal investigation is a festivities. Are being hosted in part by UBS the financial firm accused of helping to mind that the main sponsor is a Swiss bank UBS under federal criminal investigation
no one here seems to mind that the main sponsor is a Swiss bank UBS under federal criminal investigation. UBS has a -- long distinguished history of supporting -- the arts. Federal prosecutors say they know what different history of the Zurich based UBS a banquet top executives are under investigation. For helping rich Americans hide billions of dollars from the IRS in secret accounts. An indictment last month the rubble while the head of UBS's wealth management does -- said the bank actually used the Miami art show to solicit new business from existing and prospective United States clients. The ratio that they are salespeople here. They had the encrypted computers. They -- assets out of the country to help these people. Conceal what they should should have paid to orange. So the question is why should a bank -- let it be allowed to continue to -- much. UBS says it no longer accepts US money in secret accounts and is cooperating with federal prosecutors. But the investigation does not stop the bank from sponsoring this huge art show and entertaining some of the country's wealthiest people. Something bank executives do not to talk about. No comment on that we're actually here for the -- fair. Not interested in talking about at this. The -- organizers say they are proud to take UBS's sponsorship -- As for federal prosecutors they care a lot less about the banks are patronage. And care a lot more about finally getting the names of an estimated 20000 wealthy Americans. For whom UBS set up secret offshore accounts -- Brian Ross investigating again tonight things. -
UBS Trader Blamed for $2 Billion Lossdollar losses was banking giant UBS the man's identity is being year old who works for the bank in London. Investigators no client money is involved UBS has been struggling to restore there just shows the mighty. UBS isn't one of the only banks
Is being blamed for a two billion dollar losses was banking giant UBS the man's identity is being kept secret but we're told he's 831 year old who works for the bank in London. Investigators say He made on authorized trades no client money is involved UBS has been struggling to restore it's reputation and its involvement in sub prime losses. During the financial crisis. This is my immediate -
UBS CEO Resigns Amid ScandalThe shake up that Switzerland 's biggest bank this morning after was rocked by scandal chief executive Oswald grooming. Has resigned over 2.3 billion dollar rogue trading
The shake up that Switzerland's biggest bank this morning after was rocked by scandal chief executive Oswald grooming. Has resigned over 2.3 billion dollar rogue trading glossy. London based -
Alleged Tax Cheats Hoard Cash in LiechtensteinTucked between Austria Switzerland and its LGT bad. And the technician at the princess bank hi Henry keep her. Downloaded councilman that stream bank but the He had done nothing executives of the giant Swiss bank . UBS . Including one official
name was on the list of secret a councilman that -- stream bank but the -- He had done nothing wrong. Also called to testify tomorrow our top executives of the giant Swiss bank . UBS Including one official who was actually detained by US authorities in Miami in May. Federal prosecutors say UBS bankers helped American citizens -- as much as twenty billion dollars from the IRS. Sums are enormous. And UBS appears to have been particularly aggressive in the way they've marketed their activities. In the United States and elsewhere so UBS is I think extremely vulnerable to losing. -- license in the US. One UBS banker has already pleaded guilty and admitted to funneling cash and diamonds for Americans trying to hide their wealth from the IRS. UBS says it's cooperating in the investigation and will now provide information. On any American accused of tax fraud Charlie all right Brian -
How May Stocks React to Gadhafi's Death?money from a special fund that will guarantee last. let's about Swiss banking giant UBS . Not and the and State's this of this bank and I Dynegy and they'd they have an investment banking unit has and overall bank . Coming in focus
meanwhile -- in the streets the last. -- -- -- let's about Swiss banking giant UBS . Not and the and it's great difficulties lately they're planning some big -- what you're hearing about that. Okay thoughtful -- to -- big is sort of on the State's this of this bank and I Dynegy and employed 171776. People this is an enormous company they'd they'd they have an investment banking unit has -- and overall bank . Coming in -- -- -- focus on what they call wealth management. And that's basically stockbrokers. Who manage the money of rich -
Incomes Rise, Spending Doesn'tmillion dollars UBS was in court what unfavorable light on UBS one of the largest investment banks in the world look good for UBS . Because it does Alan camp from UBS RBS this CEO for the Royal Bank of Scotland is days we had. Bank of America Citigroup January. A lot of fund managers tend
could be the case it will really shed some unfavorable light on UBS one of the largest investment banks in the world will also. Give us an indication of what goes not appease Wall Street firms are -- aloud to you. The pretty free with the best -- me what kind of supervision policy under he says he was supervising banks says he's a rogue trader did an honest -- seven -- get the details but it doesn't look good for UBS . Because it does it could potentially show that someone there. Wasn't doing -- job. And we'll see how that shakes out and the world's going to be watching Alan camp from UBS RBS this CEO for the Royal Bank of Scotland is waiving his a bonus did he have much of a choice next -- now he wanted to take that out. Basically million dollar bonus a little bit more than that but he really got a lot of political pushed back in it's not unlike. What we're seeing here in the United States -- just in the past few days we had. Bank of America Citigroup. Morgan Stanley all cutting bonuses. Pretty significantly. And this is -- -- and similar situation this is also a bank that has not done that well as I mentioned the European economy is potentially. -- in a recession -- heading into one -
The World Is Curvedhead of the Swiss Central Bank . And He said of our banks UBS . And its financial times is GDP of Switzerland and so we couldn't bankers and investment bankers who would from the bank with loan due bankers and investment bankers mismanaged
when I first started out I talked to the head of the Swiss Central Bank . And He said that He looked a little shaken right after the it was a year ago after the sub prime crisis and He said you know I looked at just one of our banks UBS . And its financial exposure was four times is GDP of Switzerland and so we couldn't -- without a 412 and that's a situation that exists. Really throughout the industrialized world including United States we're limited in what we can do. But you say this crisis could have been prevented. Well I'm very very you know I listen to the the the presidential candidates bicker about who's responsible and the reality is. You know it's the bankers and investment bankers who were responsible for this I mean we. This week we had a a change in the way banks. Do business that really started in the late ninety's it used to be. Did what -- banker would just make alone and open and they would be a syndicate loans and I would -- from the bank with loan due to you that I would know you and I did. Judge the risk. And but we. Change this system
