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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
  • 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...
  • Nonpartisan Fiscal Office Says Malloy Pension Savings Wrong By $3.1 Billion

    Gov. Dannel Malloy's estimate of pension savings over 20 years was wrong by $3.1 billion, the legislature's nonpartisan fiscal office said Friday. Malloy had announced that the state would save $4.8 billion over 20 years from a negotiated deal last...
  • State Must Roll Up Sleeves To Help Create Jobs

    State Must Roll Up Sleeves To Help Create Jobs
    Editor's Note: With no net job creation here in two decades, Connecticut needs jobs. Our editorial and five other views on this page offer thoughts on getting people back to work. We'd like to hear what you think is the key to creating jobs as well: Email...
  • IRS awards UBS whistleblower Bradley Birkenfeld $104 million

    It pays to rat out your tax-dodging clients. A former banker who helped wealthy Americans illegally evade taxes, and later confessed his transgressions and cooperated with the government, has been awarded $104 million in what appears to be the largest-...
  • SOURCE: UBS To Cut Up To 10,000 Jobs Bankwide

    Switzerland's biggest bank, UBS AG, is expected to cut up to 10,000 jobs, or 16 percent of its workforce, as it contends with shrinking revenue and rising capital requirements, a person familiar with the company said on Friday. The cuts would be among...
  • Swiss bank UBS to cut 10,000 jobs, or 16% of workforce, by 2015

    Swiss bank UBS to cut 10,000 jobs, or 16% of workforce, by 2015
    Swiss bank UBS will cut 10,000 jobs as it exits from its fixed-income trading business and tries to cut costs and concentrate on wealth management. The Zurich, Switzerland-based institution, which stated that it is “significantly reshaping its...
  • The office guide to fashion suicide: flip-flops, shorts, hoodies

    The office guide to fashion suicide: flip-flops, shorts, hoodies
    If you're rolling into work wearing ripped jeans, strapless tops, a hoodie and flip-flops, know this: Your colleagues disapprove. The vast majority of American workers don't consider the Mark Zuckerburg fashion special to be appropriate attire for the...
  • Wall Street: Stocks mixed, gold down

     
    After two days of declines, stocks were wavering this morningon encouraging words from Fed chief Ben Bernanke and discouraging words from European finance ministers. As politics plays a bigger role in determining the direction of stocks, hedge funds are...
  • Citigroup shares slip after bank announces 4,500 layoffs

     
    Citigroup Inc. shares fell on Wednesday after Chief Executive Vikram Pandit said the bank will lay off 4,500 employees as it attempts to trim costs in an "extremely challenging operating environment."...