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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
  • 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...
  • Beanie Babies creator wants probation, not prison, for tax evasion

    Beanie Babies creator wants probation, not prison, for tax evasion
    H. Ty Warner, the billionaire creator of the popular Beanie Babies toys, is urging a federal judge to sentence him to probation for tax evasion. The 69-year-old tycoon pleaded guilty to a single count of felony tax evasion in October, acknowledging that...
  • Beanie Babies founder gets probation for tax evasion

    Beanie Babies founder gets probation for tax evasion
    Ty Warner, the billionaire founder of Beanie Babies stuffed toys, was sentenced to probation for hiding millions of dollars in a Swiss bank account and failing to report his interest income. U.S. District Judge Charles Kocoras rejected federal...
  • Connecticut's Numbers Tell Gloomy Tales

    College basketball brings weeks of numbers to popular culture. Tournament seeds, scores and predictions are everywhere. (Mine? Florida defeats Louisville, 69-65.) While you're in the spirit, let's look at some Connecticut numbers. In January,...
  • 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...
  • 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...
  • 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...
  • 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...
  • IRS awards UBS whistleblower Bradley Birkenfeld $104 million

    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-...