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Highlights

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

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    Feb 14, 2013 |Story| Los Angeles Times

  1. U.S., Switzerland sign pact to crack down on American tax evaders

    The U.S. and Switzerland have signed a pact to crack down on tax evaders by making Swiss banks reveal more information about offshore accounts held by Americans, the Treasury Department said Thursday.
    The U.S. and Switzerland have signed a pact to crack down on tax evaders by making Swiss banks reveal more information about offshore accounts held by Americans, the Treasury Department said Thursday. The agreement is part of an effort by the U.S. to...

    Tags: U.S. Department of the Treasury, U.S. Congress, Internal Revenue Service, Rick Perry, Swiss Confederation

    2. Dec 19, 2012 |Story| Los Angeles Times

  2. U.S. says UBS was motivated by 'sheer greed' in Libor rigging

    WASHINGTON -- U.S. officials said Wednesday that banking giant UBS was motivated by "sheer greed" in rigging a key global interest rate and that the $1.5 billion in penalties the firm agreed to pay sends a strong message to the financial industry.
    WASHINGTON -- U.S. officials said Wednesday that banking giant UBS was motivated by "sheer greed" in rigging a key global interest rate and that the $1.5 billion in penalties the firm agreed to pay sends a strong message to the financial industry. The...

    Tags: FBI, Trials, Business Institutions, U.S. Department of Justice, Finance

    3. Nov 4, 2012 |Column| Los Angeles Times

  3. California's initiative process adds up to a huge waste of money

    No one today can overlook that it's California's self-indulgent initiative process that's attracting the big political bucks into the state, the way a magnet attracts scrap iron. Year in, year out, the torrent of spending on initiative campaigns swamps the money spent on traditional candidates.
    No one today can overlook that it's California's self-indulgent initiative process that's attracting the big political bucks into the state, the way a magnet attracts scrap iron. Year in, year out, the torrent of spending on initiative campaigns swamps...

    Tags: Charity, Genetic Engineering, Government, Judges, Government Debt

    4. Oct 30, 2012 |Story| Los Angeles Times

  4. 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.
    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...

    Tags: European Debt Crisis, Job Layoffs, Layoffs and Downsizing, Labor Legislation, Kweku Adoboli

    5. Sep 14, 2012 |Story| KIAH-LTV

  5. Whistleblower Receives Record Reward

    Bradley Birkenfeld, a former UBS banker, is now a millionaire thanks to his big mouth. He gave the IRS tips that exposed some shady business by UBS. The bank was allegedly helping wealthy Americans hide their assets offshore.
    KIAH
    Bradley Birkenfeld, a former UBS banker, is now a millionaire thanks to his big mouth. He gave the IRS tips that exposed some shady business by UBS. The bank was allegedly helping wealthy Americans hide their assets offshore.  In 2007, Birkenfeld...

    Tags: Internal Revenue Service, Swiss Bank Corporation

    6. Sep 11, 2012 |Story| Los Angeles Times

  6. 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-...

    Tags: Justice System, Banking, Crime, Law and Justice, U.S. Department of Justice, Internal Revenue Service

    7. Sep 12, 2012 |Story| KTLA-LTV

  7. IRS Awards UBS Whistleblower $104 Million

    NEW YORK -- A former UBS banker who provided information on the firm's vast business of helping wealthy Americans hide their assets from the Internal Revenue Service has received a $104 million whistleblower reward, which his lawyers said was the largest in U.S. history.
    CNN
    NEW YORK -- A former UBS banker who provided information on the firm's vast business of helping wealthy Americans hide their assets from the Internal Revenue Service has received a $104 million whistleblower reward, which his lawyers said was the...

    Tags: Justice System, Lawyers, Crime, Law and Justice, Internal Revenue Service, Punishment

    8. Jul 24, 2012 |Story| Los Angeles Times

  8. 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.
    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...

    Tags: Employees, Google+, Adecco SA, Career and Workplace, Kanye West

    9. Jun 5, 2012 |Story| Petoskey News

  9. U.S. economic outlook worsens after jobs report

    WASHINGTON (AP) — The faltering U.S. job market has prompted economists to take a much dimmer view of the country’s growth prospects. That’s a shift from just a few weeks ago, when many were upgrading their forecasts.  
    WASHINGTON (AP) — The faltering U.S. job market has prompted economists to take a much dimmer view of the country’s growth prospects. That’s a shift from just a few weeks ago, when many were upgrading their forecasts.   Friday’s...

    Tags: BNP Paribas, Stock Market, Washington, DC, Labor Markets, Homes

    10. Jan 24, 2012 |Story| WSBT-TV

  10. Romney's mountain of wealth could cause loud echo

    WASHINGTON (AP) — Mitt Romney's tax returns tell the tale: Yes, he's rich — really rich. His returns, spanning more than 500 pages and released under political pressure Tuesday, represent an extraordinary financial accounting of one of the...

    Tags: Government, Washington, DC, Democratic Party, Parties and Movements, Companies and Corporations

    11. Jan 24, 2012 |Story| Petoskey News

  11. Romney's wealth could cast a big shadow

    WASHINGTON (AP)— Mitt Romney’s newly released tax returns represent an extraordinary accounting of the household finances and far-reaching corporate investments of one of the richest U.S. presidential candidates in generations, with an annual income that tops $20 million.
    WASHINGTON (AP)— Mitt Romney’s newly released tax returns represent an extraordinary accounting of the household finances and far-reaching corporate investments of one of the richest U.S. presidential candidates in generations, with an...

    Tags: Government, Washington, DC, Democratic Party, Parties and Movements, Republic of Ireland

    12. Dec 7, 2011 | Los Angeles Times

  12. Citigroup shares slip after bank announces 4,500 layoffs

    Money & Company
    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."...
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