Topic: UBS AG
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Top 5 insider trading convictions
Raj Rajaratnam, a wildly successful hedge fund manager, was sentenced and fined Oct. 13 on fraud and conspiracy counts for using insider information to make more than $50 million. Prosecutors called it the largest insider-trading case ever for a hedge fund. So how does his conviction stack up against other insider traders in the United States who were found guilty? Here's a look at the Top 5 convicted insider traders:
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The Simple Dollar
Banks are not your friends
Financial institutions do not give you money because they want your dreams to come true. They give you money for their own gain. Here are the best ways to reduce your reliance on these businesses.
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Europe debt crisis spreads to stronger economies
Yesterday, investors began dumping bonds, even in stronger economies like Austria and Finland. The sell-off shows a need for bolder solutions to the European debt crisis, say some.
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Stock prices fall on worries over Greece
Stock prices plummeted in Europe and stock futures were down in the US after EU ministers failed to expand a bailout fund to help Greece. Bank stock prices led the decline in Europe.
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Back taxes: 12,000 tax cheats come clean
Back taxes plus interest amount to $500 million so far. The IRS program allows tax cheats to declare their assets overseas, pay back taxes, interest, and reduced penalties, and avoid jail time.
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UBS trader charged in $2 billion British fraud case (video)
Authorities in London have charged a trader for Swiss banking giant UBS for his alleged part in a $2 billion fraud case.
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Stocks push higher for fourth straight day
The Dow rose 186.45 points to close at 11,433.18. The S&P rose 20.43 points to 1,209.11, and the Nasdaq rose 34.53 points to 2,607.07.
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Faulty mortgage loans catch up with 17 big banks
Faulty mortgage loans were a major contributor to the recession and now a US regulator is suing 17 big banks for their role in those faulty loans.
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'Eurobonds' anyone? Officials call for EU-wide fiscal policies to ease debt crisis
But that hasn't dampened calls from critics who worry that centralizing European Union fiscal policy would impinge on national sovereignty – and possibly even worsen the crisis.
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Dow skids 600, worst day since credit crisis
The Dow closed down 634 points, the S&P 500 lost 79 points, and the Nasdaq ended 174 points lower. For every stock that rose at the New York Stock Exchange, more than 69 fell.
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Dow Jones: a seesaw day of tension
The Dow Jones Industrial Average soared more than 170 points after a better-than-expected jobs report, dropped more than 500 points, and has since pared most of its losses.
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Former UBS banker charged with helping clients dodge US taxes
A Swiss asset manager and former UBS banker who allegedly helped move his clients' secret bank accounts is indicted for allegedly conspiring to defraud the US government.
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Stocks end lower for fourth straight session
The Dow fell about 61 points, with a weak performance by banks and energy
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Stocks close higher amid gains in oil prices
The Dow rose 65 points, and consumer staples and health care drove the S&P 500 up more than 6 points
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Top 5 insider trading convictions
Raj Rajaratnam, a wildly successful hedge fund manager, was sentenced and fined Oct. 13 on fraud and conspiracy counts for using insider information to make more than $50 million. Prosecutors called it the largest insider-trading case ever for a hedge fund. So how does his conviction stack up against other insider traders in the United States who were found guilty? Here's a look at the Top 5 convicted insider traders:
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Stocks end modestly lower as energy slides
The Dow fell about 3 points, ending a four-day winning streak
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Stocks end mixed. Best first quarter since 1998.
Stocks closed out the quarter with the Dow gaining 742 points, its biggest first-quarter point gain in more than a decade and its biggest percentage gain since 1994.
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Swiss bank account? Better report it now.
The IRS is offering partial amnesty for Americans who report previously undisclosed Swiss bank or other foreign bank accounts.
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Stock market gains. Dow above 12,000.
Stock market makes steep, broad gains as Dow moves above 12,000. The stock market was buoyed by AT&T's proposed acquisition of T-Mobile.
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Arby's goes on sale causing Wendy's shares to rise
Arby's restaurant chain is being put up for sale by Wendy's after losing money in the third quarter. The announcement caused shares to rise 8.5 percent.
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Madoff victims to receive $7.2 billion from Jeffry Picower estate
The $7.2 billion from the estate of philanthropist Jeffry Picower represents the largest forfeiture in US history. So far, $9.8 billion has been collected on behalf of Bernard Madoff victims – nearly half the $20 billion that investors lost.
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Global News Blog
For UBS bankers, a head-to-toe style guide as precise as a Swiss watch
The Swiss banking giant UBS has released a dress code that mandates fingernail length, when women should apply perfume, and even the quality of a banker's underwear.
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The Reformed Broker
Stock brokers keep leaving brokerages
Stock brokers are finding that affiliation with a big-name brokerage may be hurting their business.
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Bond bubble or not, bonds are getting risky
Investors who rushed into bonds to avoid risk may find precisely the opposite. Some call it a bond bubble.
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Roman Polanski set free by Swiss authorities
Roman Polanski is a free man Monday after the Swiss government refused to extradite the film director to the US on a 1977 rape charge.
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In a major deal for the two car makers, Toyota trades factory for stake in Tesla
Toyota Motor Corp said it would take a $50 million stake in U.S. electric car maker Tesla Motors, a move that gives the Japanese automaker a chance to repair its dented public image and vaults the California start-up on to the world stage.








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