Search results
Results From The WOW.Com Content Network
On the eve of World War II, UBS was the recipient of a large influx of foreign funds for safekeeping. During the war, the bank's traditional business fell off and the Swiss government became their largest clients. [2] Still, unlike many of its peers, UBS's business lagged through much of the war. [2]
A UBS retail bank for private wealth management in St. Gallen, Switzerland. On 30 October 2012, UBS announced that it was cutting 10,000 jobs worldwide in an effort to slim down its investment banking operations, of which 2,500 would be in Switzerland, followed by the United States and Great Britain. This 15-percent staff cut would make overall ...
In 1997, Meili illegally disclosed to third parties that Swiss bank Union Bank of Switzerland (UBS) was destroying documentation of Holocaust-era assets. After a federal arrest warrant, a set of fines, and death threats were issued to him, Meili fled Switzerland to the United States by right of asylum in late 1997, returning to his home country ...
A year after the failure of Credit Suisse, the Swiss government says UBS may have to find as much as $27 billion to absorb potential losses. Now, the giant Swiss lender is hitting back, saying its ...
The now-settled lawsuit against UBS, filed by prosecutors in late 2018, accused the bank of knowingly making false and misleading statements to buyers of RMBS relating to the mortgages ...
This week, UBS (NYS: UBS) announced a plan to cut 10,000 jobs by 2015 on top of its third-quarter announcement of a net loss of $2.4 billion. Ouch. The bank is trying to shed an unprofitable fixed ...
June 1961 — Kennedy said, "Now we have a problem making our power credible and Vietnam looks like the place" to James Reston of The New York Times (immediately after meeting Khrushchev in Vienna). August 10, 1961 — Test run of U.S. herbicidal warfare program in South Vietnam.
UBS shares plunged Wednesday following a report that the Swiss bank faces a widening probe by the US Department of Justice over suspected compliance failures that allowed Russian clients to evade ...