UBS CEO Says Reputation Needs Fixing
September 8, 2009
The new UBS chief executive claims that the mending of the Swiss bank's reputation should be a priority going forward.
September 8, 2009
The new UBS chief executive claims that the mending of the Swiss bank's reputation should be a priority going forward.
UBS Informant Receives 40-Month Jail Sentence
August 21, 2009
A former UBS banker was handed a 3+ years sentence for his role in enabling tax evasion at the Swiss bank.
August 21, 2009
A former UBS banker was handed a 3+ years sentence for his role in enabling tax evasion at the Swiss bank.
Swiss Banker and Lawyer Indicted in Tax Evasion Case
August 21, 2009
A Swiss banker and lawyer have been indicted in a tax evasion case, accused of hiding American clients' assets to evade taxes.
August 21, 2009
A Swiss banker and lawyer have been indicted in a tax evasion case, accused of hiding American clients' assets to evade taxes.
UBS Tax Settlement Should Help Bank Recover
August 19, 2009
The DOJ summons deal "looks favorable for UBS and for Switzerland."
August 19, 2009
The DOJ summons deal "looks favorable for UBS and for Switzerland."
Government to Investigate 150 UBS Clients
August 18, 2009
UBS's release of the client information for about 5,000 of its American clients has already sparked criminal investigations by the U.S. government.
August 18, 2009
UBS's release of the client information for about 5,000 of its American clients has already sparked criminal investigations by the U.S. government.
UBS to Supply U.S with 5,000 Names
August 18, 2009
An agreement with the United States and Swiss governments will have UBS disclose account information for 5,000 of its clients.
August 18, 2009
An agreement with the United States and Swiss governments will have UBS disclose account information for 5,000 of its clients.
UBS and DoJ Reach Settlement on Tax Evasion
August 12, 2009
UBS and DoJ agreed to a deal on disclosing tax evaders and dismiss the legal case.
August 12, 2009
UBS and DoJ agreed to a deal on disclosing tax evaders and dismiss the legal case.
UBS Will Not Pay Fine to Settle Tax Dispute
August 3, 2009
The U.S. government and UBS struck a deal to settle a dispute over tax evasion and Switzerland's bank secrecy, heading off a showdown.
August 3, 2009
The U.S. government and UBS struck a deal to settle a dispute over tax evasion and Switzerland's bank secrecy, heading off a showdown.
UBS in Talks with U.S. on Tax Case
July 13, 2009 by Joseph McCafferty
UBS and the governments of the U.S. and Switzerland are in talks to settle a major tax-evasion case that could require the Swiss bank to reveal some of the 52,000 account-holder names the U.S. has brought.
July 13, 2009 by Joseph McCafferty
UBS and the governments of the U.S. and Switzerland are in talks to settle a major tax-evasion case that could require the Swiss bank to reveal some of the 52,000 account-holder names the U.S. has brought.
In UBS Case, Swiss Government Steps In
July 8, 2009
The Swiss government announced today that it would not allow UBS to turn over the information that U.S. authorities have requested on account holders at the bank.
July 8, 2009
The Swiss government announced today that it would not allow UBS to turn over the information that U.S. authorities have requested on account holders at the bank.
UBS Must Release Names of Tax Evaders
July 1, 2009
The Justice Department said Swiss bank UBS has “systematically and deliberately” violated U.S. law by dispatching private bankers to recruit wealthy Americans in evading taxes and must reveal the identities of 52,000 of those clients.
July 1, 2009
The Justice Department said Swiss bank UBS has “systematically and deliberately” violated U.S. law by dispatching private bankers to recruit wealthy Americans in evading taxes and must reveal the identities of 52,000 of those clients.
UBS C-Suite Shuffle: Yoon to Run Asia
June 26, 2009 by Joseph McCafferty
UBS has suffered massive losses tied to the U.S. subprime-mortgage crisis. As a result, the bank has shaken up its executive team, the latest development being chairman and CEO of the bank’s Asia-Pacific business, Rory Tapner, stepping down effective immediately.
June 26, 2009 by Joseph McCafferty
UBS has suffered massive losses tied to the U.S. subprime-mortgage crisis. As a result, the bank has shaken up its executive team, the latest development being chairman and CEO of the bank’s Asia-Pacific business, Rory Tapner, stepping down effective immediately.
First UBS Tax Evasion Arrest Made
April 3, 2009 by Joseph McCafferty
In what may prove to be the first of many instances, federal authorities arrested an American client of UBS for suspicion of illegal tax evasion.
April 3, 2009 by Joseph McCafferty
In what may prove to be the first of many instances, federal authorities arrested an American client of UBS for suspicion of illegal tax evasion.
UBS Chief Rohner Resigns, Grübel Steps In
February 26, 2009 by Joseph McCafferty
UBS AG, the Swiss bank suffering from massive write-downs and its role in a U.S. tax-evasion scheme, announced the latest shake-up in its top executive ranks with the surprise departure of CEO Marcel Rohner.
February 26, 2009 by Joseph McCafferty
UBS AG, the Swiss bank suffering from massive write-downs and its role in a U.S. tax-evasion scheme, announced the latest shake-up in its top executive ranks with the surprise departure of CEO Marcel Rohner.
UBS Tax Dodgers Coming Forward
November 24, 2008 by Joseph McCafferty
Come out from the shadows, UBS tax dodgers; all is (sort of) forgiven.
November 24, 2008 by Joseph McCafferty
Come out from the shadows, UBS tax dodgers; all is (sort of) forgiven.
Indictments Loom in UBS Case
November 11, 2008 by Joseph McCafferty
A federal inquiry into multiple allegations of tax evasion could lead to indictments for American account holders at UBS, the Swiss banking giant accused of enabling illegal tax dodges.
November 11, 2008 by Joseph McCafferty
A federal inquiry into multiple allegations of tax evasion could lead to indictments for American account holders at UBS, the Swiss banking giant accused of enabling illegal tax dodges.
UBS Directors Aware of Breach?
August 14, 2008 by Joseph McCafferty
Senior executives at Swiss bank UBS knew at least three years ago that the firm was in violation of U.S. securities laws.
August 14, 2008 by Joseph McCafferty
Senior executives at Swiss bank UBS knew at least three years ago that the firm was in violation of U.S. securities laws.
Former Samsung CEO Avoids Prison
July 17, 2008 by Joseph McCafferty
Former Samsung CEO Lee Kun-hee was convicted of tax evasion charges on July 16. His three-year sentence was suspended and he will not be serving any prison time.
July 17, 2008 by Joseph McCafferty
Former Samsung CEO Lee Kun-hee was convicted of tax evasion charges on July 16. His three-year sentence was suspended and he will not be serving any prison time.
Senate Examines Tax Evasion Claim
July 17, 2008 by Joseph McCafferty
On July 16, a Senate report examined how Swiss bank UBS and LGT, owned by the royal family of Liechtenstein, helped wealthy individuals evade American taxes.
July 17, 2008 by Joseph McCafferty
On July 16, a Senate report examined how Swiss bank UBS and LGT, owned by the royal family of Liechtenstein, helped wealthy individuals evade American taxes.