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UBS AG

A collection of news and information related to UBS AG published by this site and its partners.

Top UBS AG Articles

Displaying items 23-33
  • Senate probe accuses Swiss bank of helping rich Americans evade taxes

    WASHINGTON — A Senate subcommittee investigation accused Swiss banking giant Credit Suisse of using elaborate "cloak and dagger" methods to hide the accounts of 22,000 wealthy American citizens with a total of up to $12 billion in assets from U.S....
  • Credit Suisse CEO says aiding U.S. tax evasion is 'unacceptable'

    Credit Suisse CEO says aiding U.S. tax evasion is 'unacceptable'
    WASHINGTON -- The chief executive of Credit Suisse told U.S. senators Wednesday it was "unacceptable" for Swiss banks to help Americans evade U.S. taxes and he regrets some of the firm's employees did so in the past. "We deeply regret that -- despite...
  • Swiss bankers say shielding U.S. money from taxes is 'mistake'

    WASHINGTON — Credit Suisse executives admitted that the giant Swiss bank helped Americans shield as much as $12 billion from taxes and even acknowledged the practice was a "mistake" and "unacceptable." But they said they couldn't do much beyond...
  • 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...
  • UBS to pay $50 million to settle SEC charges

    UBS to pay $50 million to settle SEC charges
    UBS will pay $50 million to settle charges by the U.S. Securities and Exchange Commission that the Swiss bank misled investors, the regulatory agency announced Tuesday. UBS Securities was accused of violating securities laws while structuring and...
  • U.S. sues BofA over mortgage-backed securities

    In twin securities-fraud lawsuits against Bank of America Corp., the federal government is accusing the nation's second-largest lender of lying to investors about supposedly prime loans that more closely resembled subprime "liar loans." The civil suits,...
  • Swiss voters reject proposal to cap executive salaries

    Swiss voters reject proposal to cap executive salaries
    Swiss voters soundly rejected a plan Sunday that would have limited executive compensation to no more than 12 times the lowest-paid employees' pay.  The measure, known as the "1:12 initiative," was defeated 65.3% to 34.7% even amid wide public...
  • Skokie man gets year in prison, $3.75 million penalty in Swiss bank tax evasion

    Skokie man gets year in prison, $3.75 million penalty in Swiss bank tax evasion
    The first taxpayer charged in Chicago in an investigation into clients of overseas banks will serve a year and a day in prison after paying almost $4 million in penalties for tax evasion, prosecutors said today. The owner of a Skokie cemetery monument...
  • UBS agrees to settle U.S. claims it misrepresented mortgage bonds

    UBS agrees to settle U.S. claims it misrepresented mortgage bonds
    WASHINGTON -- UBS said Monday it agreed to settle a lawsuit brought by U.S. regulators alleging the Swiss banking giant misrepresented mortgage-backed securities sold to Fannie Mae and Freddie Mac in the years leading up to the subprime-loan meltdown....
  • U.S., UBS agree to $885-million settlement over mortgage bonds

    U.S., UBS agree to $885-million settlement over mortgage bonds
    WASHINGTON -- U.S. regulators said Thursday that they reached an $885-million settlement with UBS Americas Inc. of a suit alleging that the subsidiary of the Swiss banking giant misrepresented mortgage bonds it sold to Fannie Mae and Freddie Mac. The...
  • More For Your Money: Keep an eye on fuel surcharges

    More For Your Money: Keep an eye on fuel surcharges
    Travelers to Europe this year are discovering unwelcome ride-alongs: new and heftier surcharges for flights and cruises. They may even pay more to get to their U.S. gateway airport. Blame the rising price of oil, driven by widening world demand and...