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UBS AG

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Top UBS AG Articles see all

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  • Credit Suisse posts big loss after U.S. tax settlement

    ZURICH (Reuters) - Credit Suisse Group AG reported its biggest quarterly loss since the peak of the financial crisis in 2008, the result of a 1.6 billion Swiss franc ($1.78 billion) settlement with U.S. authorities over helping its clients evade taxes.
  • UBS cements lead as largest private bank, assets near $2 trillion: study

    ZURICH (Reuters) - UBS cemented its lead over U.S. brokerage Bank of America Corp as the world's largest private bank and is within striking distance of managing $2 trillion on behalf of the wealthy, according to a study on Thursday. The study by London-...

    Ty Warner lawyers call tax dodging sentence 'reasonable'

    Ty Warner lawyers call tax dodging sentence 'reasonable'
    Lawyers for convicted tax evader Ty Warner said his sentence of two years’ probation was reasonable, pointing out that the punishment of the Beanie Babies billionaire was consistent with more than half of the offshore banking cases that the...

    French bank handled $1.7 billion in illegal business with Cuba

    The largest bank in France, BNP Paribas, disguised $1.75 billion in illegal transactions with Cuban entities as part of a long string of violations of U.S. sanctions that brought it a record $8.9 billion in forfeitures and fines, according to U.S....

    Credit Suisse pleads guilty to helping Americans avoid income taxes

     Credit Suisse pleads guilty to helping Americans avoid income taxes
    Swiss banking giant Credit Suisse pleaded guilty to a criminal charge that it helped wealthy Americans dodge income taxes for decades, a plea federal officials said bolstered their efforts to show that no financial firm was too big to prosecute. The...