A US jury cleared former UBS banker Raoul Weil of tax fraud after prosecutors failed to show he had conspired to help Americans hide billions of dollars from authorities.
A tax bonus helped Swiss banking giant UBS offset the costs of legal action over tax penalties, the bank said on Tuesday, announcing a 32-percent net profit rise in the third quarter over the same period a year earlier.
Former UBS banker Raoul Weil went on trial in Fort Lauderdale, Florida on Tuesday, charged with conspiring to help Americans hide billions of dollars from US tax authorities.
Swiss banking giant UBS has made a €1.1-billion ($1.4-billion) bail payment for allegedly helping rich French clients to hide money in Switzerland, a lawyer for the bank said on Tuesday.
A French court on Monday upheld a 1.1-billion-euro bail payment owed by Swiss bank UBS for allegedly helping rich French clients to hide money in Switzerland.
Leading Swiss bank UBS turned in a strong profit performance in the second quarter, but highlighted on Tuesday the stark risks financial institutions face from campaigns by tax and regulatory bodies.
Swiss bank UBS was on Wednesday charged with tax fraud in Paris for allegedly helping rich French clients to hide money in Switzerland, a judicial source said.
A former customer service representative of UBS appeared before a district court on Wednesday to face charges of bilking 60 Scandinavian clients of around two million francs ($2.2 million).
Update: The head of the Belgium office of Swiss banking giant UBS, struggling to restore its reputation after a series of scandals, was charged on Thursday in Belgium for tax fraud and money laundering.
Former UBS trader Kweku Adoboli, jailed for seven years for gambling away $2.3 billion in Britain's biggest ever fraud, lost a bid on Wednesday to appeal against his conviction.
Switzerland's largest bank UBS on Tuesday posted a net profit of 1.05 billion francs ($1.2 billion) for the first quarter of 2014, up seven percent from the first three months of the previous year.
Swatch Group, the world's leading watchmaker, on Tuesday lost a lawsuit against Switzerland's largest bank, whose investment advice it says cost it millions of dollars.
Raoul Weil, the former UBS executive accused of helping thousands of wealthy Americans evade taxes on assets of around $20 billion, pleaded not guilty on Tuesday before a federal court in Fort Lauderdale, Florida.
A former top UBS executive has agreed to be extradited to the United States from Italy, where he was arrested in October for allegedly helping wealthy Americans hide billions from the taxman.
French investigators Wednesday raided the Paris headquarters of the local arm of Swiss bank UBS, which has been placed under investigation for allegedly helping rich clients hide money in undeclared accounts.
A football players’ agent is in jail and three other people have been arrested for extorting 1.2 million francs ($1.3 million) from a UBS bank employee in Geneva in September, a local newspaper says.
Property prices in Switzerland moved closer to reaching a bubble situation and remain “risky”, according to a quarterly report from UBS released on Thursday.
The operator of the Swiss stock exchange says it has opened an investigation into Switzerland's largest bank, UBS, which is suspected of violating financial reporting rules.
Crooks who claimed to be holding hostage the family of a man employed at a UBS branch in downtown Geneva on Tuesday demanded and obtained a reported ransom of one million francs from the bank employee.
A federal judge on Wednesday signed off on a $100 million fine on UBS's Japan subsidiary, part of a larger global crackdown on the Swiss banking giant in the Libor rate-rigging scandal.
