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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
  • 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...
  • 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...
  • 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

    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...
  • 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...
  • 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,...
  • Senate probe accuses Swiss bank of helping rich Americans evade taxes

    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...
  • 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...
  • 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...