McCann Calls on Judge to Remove BoA’s Non-Compete Clause
September 16, 2009
Bank of America fired McCann without cause after rejecting his offer to resign, part of “vengeful conduct intended to both punish and humiliate” him for trying to quit the bank, McCann said in court papers.
September 16, 2009
Bank of America fired McCann without cause after rejecting his offer to resign, part of “vengeful conduct intended to both punish and humiliate” him for trying to quit the bank, McCann said in court papers.
Court Makes UBS Post $35M in Bond Fraud Case
September 10, 2009
Superior Court Judge John Blawie found probable cause that UBS used secret insider information obtained from its relationship with ratings agencies Moody's and Standard & Poor's to commit securities fraud in the sale of collateralized debt obligation notes to Pursuit.
September 10, 2009
Superior Court Judge John Blawie found probable cause that UBS used secret insider information obtained from its relationship with ratings agencies Moody's and Standard & Poor's to commit securities fraud in the sale of collateralized debt obligation notes to Pursuit.
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.
Switzerland Sells Stake in UBS for a $1BN Profit
August 21, 2009
Switzerland will sell its more than $1 billion stake in UBS a day after agreeing to release data to the U.S. on clients who evaded American taxes.
August 21, 2009
Switzerland will sell its more than $1 billion stake in UBS a day after agreeing to release data to the U.S. on clients who evaded American taxes.
Switzerland to Sell $5.6 Billion UBS Stake After U.S. Tax Deal
August 20, 2009
The government gave a mandate to three Swiss and foreign banks to sell 332.2 million UBS shares, securing a certain minimum price.
August 20, 2009
The government gave a mandate to three Swiss and foreign banks to sell 332.2 million UBS shares, securing a certain minimum price.
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-U.S. Deal Will Hurt Swiss Banking
August 17, 2009
Swiss banking experts say Switzerland's private banking industry will suffer should UBS hand out client data to the U.S.
August 17, 2009
Swiss banking experts say Switzerland's private banking industry will suffer should UBS hand out client data to the U.S.
U.S. UBS Clients Could Face Criminal Charges
August 14, 2009
Prosecutors are focusing on several thousand Americans with offshore accounts containing tens to hundreds of millions of dollars.
August 14, 2009
Prosecutors are focusing on several thousand Americans with offshore accounts containing tens to hundreds of millions of dollars.
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.