122 articles found within the last year.
Displaying results 41 - 60
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UBS Tax Crackdown Widens to Hong Kong
The US crackdown on clients of UBS is ... For the first time in the government's long-running ... On Friday, John McCarthy, a UBS client in ... The Hong Kong link is important because the ... Separately, the U.S. has been pursuing a civil ... UBS declined to comment on Mr. McCarthy's case,...
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Americans give up their passports to avoid tax
An increasing number of wealthy Americans living abroad ... Lawyers are reporting a surge in requests from ... Jay Krause, a partner at privateclient specialist law ... The expected disclosure of the account details of ... But lawyers say the requirement under exit tax ... Krause said: "The large fall in asset values...
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UBS faces fraud complaint --- Social Democrats say bank complicit in aiding tax cheats
Switzerland's Social Democratic party said it filed a ... The Friday announcement came after UBS and the ... In a letter to constituents, Social Democratic President ... As chairmen from 2001 to 2008 and from ... The Zurich prosecutor's office said the matter would ... Mr.Kurer's spokesman rejected the complaint as unfounded. He...
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Swiss aren't so secret anymore
Now that Swiss banking giant UBS has agreed ... The answer, says UBS chief executive Oswald Grübel, ... "These are the markets where even we are ... For no one is the challenge greater than ... Grubel admits the bank's dispute with the US ... As he speaks, Zurich is in full vacation...
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Switzerland, UBS Settle U.S. Tax Case
UBS AG and the Swiss and U.S. governments ... The parties didn't disclose the settlement details in ... At the crux of the case, which has ... The IRS likely will end up with 8,000 ... Among the key details negotiators wrangled over was ... In the end, the U.S. and Swiss governments,...
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UBS private banker quits for Deutsche
A member of UBS' key clients group within ... Natasa Williams has quit her role as a ... A source said she was a "top producer ... Deutsche Bank's wealth management arm is looking to...
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UBS performance pay rises despite Sfr1.8bn loss
Higher performance-related compensation and basic salary increases drove ... While quarterly revenues at UBS' investment bank turned ... UBS group chief executive Oswald Grübel said on ... He said: “The investment bank is still in ... Losses fell 42% from the Sfr3.2bn figure posted...
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Tax Evaders Flock to IRS to Confess Their Sins
Wealthy taxpayers have inundated the Internal Revenue Service ... The volume has been so great that Wednesday, ... "Last week we had 400 [applicants] -- four ... Two main factors appear to be driving the ... At the same time, the IRS and the ... The UBS matter represents the government's highest-profile efforts...
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US advisers pull back from alternative ETFs
The US wealth management arm of UBS has ... UBS said in a statement yesterday that it ... Ameriprise Financial has also told its advisers to ... Other financial advisers in the US, including LPL ... The news comes after the Financial Industry Regulatory ... Two weeks ago Massachusetts' secretary of state William...
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Swiss Banks Freeze Out US Clients
In a sign that UBS AG's high-profile spat ... A number are no longer accepting deposits from ... Spurring the shift is UBS's standoff with the ... The U.S. and Swiss governments are in negotiations ... The battle has made some banks in Switzerland ... Though these banks are relatively small compared with...
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Behind UBS Case, a Dogged IRS
The US government's bid to halt Swiss bank ... But a potential settlement in a Miami federal-court ... The work of IRS agent Daniel Reeves and ... A federal judge Monday granted a joint request ... UBS and the Swiss government have argued that ... The IRS investigation has peeled back decades of...
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UBS joins Saudi banking rush
UBS has become the latest investment bank to ... UBS has received approval from the Saudi Arabia's ... Business by law must employ at least 30% ... Mohamed Sammakia, chief executive of UBS Saudi Arabia, ... Japanese bank Nomura last week announced it had ... However, others are scaling back their operations in...
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UBS eyes outsider to run broker unit
UBS, looking to strengthen its US wealth management ... The talks are part of a wider reckoning ... UBS chief executive Oswald Grubel and other executives ... Company executives haven't decided whether to bring in ... Hoekstra "continues to run our successful wealth management...
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UBS rebuilds in equity sales
UBS has begun to rebuild in European equity ... Ben Watson returns to UBS as an executive ... Watson, who already has 12 years of service ... Another new addition to the beefed up team ... West, who has 24 years of sell-side experience ... In May and June, the Swiss bank suffered...
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New commodities fund taps into optimism
A former head of commodities at AIG, the ... Christiaen van Lanschot formed VOC Capital with colleagues ... Van Lanschot said VOC planned to target institutional ... He said: “Corporate governance is at the forefront ... The fund will be available through a managed ... Investments will be subject to a 15-day redemption...
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Julius Baer hires UBS head for Munich office
Swiss private bank Julius Baer has hired a ... The new branch, opening in October, will be ... He will be working with relationship managers Jürgen ... Julius Baer has had a presence in Germany...
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Debate intensifies over future of UBS Global
A revolution is taking place at UBS Global ... Following the same route as Selfridges department store ... Even BlackRock, renowned for its efficiency, only managed ... In normal times, chief executive Oswald Grübel would ... A spokeswoman said the division remains core. But...
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Life after the City: Ronald Hinterkircher
One former UBS banker put his career on ... Then: managing director, UBS Swiss franc bond syndicate ... Now: ice hockey coach and sports psychology student ... “I wanted a break after being in investment ... “I’ve always liked to do sport in my ... “I started coaching in September. In Switzerland and...
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Is the worst now over for UBS?
When UBS persuaded Oswald Grübel to come out ... Having helped to define investment banking and credit ... Wealthy clients were closing their accounts at a ... Five months on from Grübel’s appointment, UBS has ... Pressure from the Swiss regulator has also forced ... But some analysts are starting to suggest the...
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UBS makes big upgrades to investment banks
Analysts at UBS have made a significant upgrade ... The five banks, Barclays, BNP Paribas, Credit Suisse, ... The analysts made the biggest upgrade to Barclays' ... Explaining the decision to increase earnings forecasts by ... The analyst wrote: “We now expect 2010 to ... Analysts at several banks, including JP Morgan and...
