Topic: UBS AG

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Briefing
Obama vs. Romney 101: 3 ways they differ on regulation

Wall Street is a big target – blamed for the financial crisis that led to the Great Recession. Mitt Romney says efforts to rein in financiers via more regulation are an attack on “economic freedom.” President Obama says new regulations would make it “more profitable to play by the rules than to game the system.” Here are three specifics on which the two differ.
Top 5 insider trading convictions

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Famously corporate-friendly Switzerland set to get tough on CEO pay

Amid widespread anger over huge salaries and golden parachutes, the Swiss public will vote Sunday on an initiative that would give shareholders a say on executive pay.
UBS to pay $1.5 billion in fines over LIBOR rate scandal

The Swiss bank agreed to the fine Wednesday, settling with US, British, and Swiss regulators. In the case, UBS employees tried to rig the London Interback Offered Rate, or LIBOR, using different currencies.
Swiss spy warning sent to CIA, MI6 after secret data theft

Swiss spy warning: A disgruntled IT technician at the Swiss intelligence service stole terabytes of secret data from computers. The Swiss spy agency sent a warning to the CIA, MI6 and other intelligence services about the breach of security.
Prosecutor's arguement against former UBS trader begins Friday

A former trader for UBS will be tried in British court for fraud and false accounting. 'Unauthorized trading' and the culture of UBS are expected to come up in trial.
UBS whistleblower: prison, then $104 million reward

UBS whistleblower Brad Birkenfeld gets record reward from IRS for exposing tax evasion at the Swiss bank. IRS investigation recovered $5 billion in back taxes and penalties from taxpayers.
UBS whistleblower: IRS pays tax cheat informant $104M

UBS whistleblower Bradley Birkenfeld was awarded $104 million by the Internal Revenue Service for providing information about overseas tax cheats. The UBS whistleblower is credited with exposing widespread tax evasion at the Swiss bank and was jailed after cooperating with authorities.
Briefing
Obama vs. Romney 101: 3 ways they differ on regulation

Wall Street is a big target – blamed for the financial crisis that led to the Great Recession. Mitt Romney says efforts to rein in financiers via more regulation are an attack on “economic freedom.” President Obama says new regulations would make it “more profitable to play by the rules than to game the system.” Here are three specifics on which the two differ.
Another quiet day for Wall Street

Dow falls 10 points; Nasdaq rises 7 points; S&P closes flat. Stocks are in summer doldrums as traders look for direction.
Spain capital flight doubles as risk of European bailout rises (+video)

Capital flight from Spain has doubled to a new record and the country has demanded the European Central Bank recapitalize its teetering financial system, warning that the alternative is a broader bailout that could rock the European economy.
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.
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.
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.
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.
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.
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.
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.
'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.
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.
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.
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.
Stocks end lower for fourth straight session

The Dow fell about 61 points, with a weak performance by banks and energy
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
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:
Stocks end modestly lower as energy slides

The Dow fell about 3 points, ending a four-day winning streak
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.