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Swiss unveil criteria for tax disclosure on private accounts
U.S. clients with more than 1 million Swiss Francs in offshore accounts with UBS could be ratted out.
UBS fined $13.3M over unauthorized trades in clients’ accounts
Swiss bank UBS AG has been fined 8 million pounds ($13.3 million) for management failures which allowed employees to make unauthorized trades with customers' accounts, Britain's financial regulator said Thursday.
Former UBS client who hid $8M gets sentenced to prison
A New York businessman who admitted hiding assets worth $8 million with Swiss bank UBS AG was sentenced to three months in prison for a Florida tax conviction.
Warring wirehouses add fuel to hiring fire
The broker recruiting wars are heating up, with wirehouses jacking up their offers to new heights to lure more representatives in 2010.
Bob McCann lures four Merrill Lynch vets to UBS
Just A few weeks after officially joining UBS AG as the head of its U.S. wealth management business, Bob McCann has snared four veterans from his former firm, Merrill Lynch & Co., to help improve UBS' financial advisory business here.
New UBS wealth czar McCann: Industry is "ripe for reinvention’
Ending months of speculation, UBS AG last week officially appointed Robert McCann as head of wealth management in the Americas — and he is wasting no time identifying new opportunities for the firm's 8,000 financial advisers.
UBS ex-client avoids prison for tax evasion
A wealthy accountant who provided extensive help in the tax evasion probe of Swiss bank UBS AG was sentenced to a year of house arrest Wednesday after admitting he concealed about $6 million in assets from the IRS.
Clock is ticking for more foreign account holders to seek amnesty
Many U.S. taxpayers with unreported income from hidden offshore accounts have decided to participate in the government's tax amnesty program, which ends tomorrow, according to tax attorneys.
Swiss officials ready to name names in UBS tax flap
Swiss tax authorities said Tuesday they have notified the first 500 clients of Swiss bank UBS AG whose names they want to hand over to the United States for alleged tax cheating.
UBS wealth management unit loses assets and advisers but still turns a 3Q profit
UBS AG's wealth management business in the Americas returned to profitability in the third quarter, despite losing financial advisers and client assets.
An open letter to Robert McCann at UBS
Dear Mr. McCann: Congratulations on taking over as head of the U.S. wealth management business at UBS.
7,500 tax dodgers apply for IRS amnesty program
Some 7,500 international tax dodgers have applied for an amnesty program that promises no jail time and reduced penalties for tax cheats who come forward, the IRS announced Wednesday.
UBS sends a warning to U.S. clients that IRS could obtain their data
With next week's deadline for an Internal Revenue Service offshore amnesty program looming, American clients of Swiss banking giant UBS AG have been sent a letter by the bank warning that their undeclared income in Switzerland may be revealed to U.S. tax authorities.
U.S., Swiss agree to settle on major points in UBS tax evasion case
The U.S. and Swiss governments have agreed on most major disputes in Washington's effort to get names of thousands of wealthy Americans suspected of evading taxes by hiding billions in assets with Swiss banking giant UBS AG.
UBS boss: No quick turnaround
Swiss bank UBS AG, which has been plagued by losses and customer withdrawals, said Tuesday it aims to…
HighTower nabs a UBS broker team
HighTower Securities LLC has added to its wealth management and international advisory teams with the recruitment of two…
Analysts expect 3Q loss for UBS
Swiss bank UBS AG reports earnings for the third quarter on Tuesday. The following is a summary of key developments and analyst opinion related to the period.
UBS worker stole $2.8M to fund gambling habit, Swiss police report
Swiss police say a bank employee has admitted stealing millions from the bank's safe to fund her $60-89,000 a week gambling habit.
Bob McCann set to take top spot at UBS Wealth Management — finally
Robert McCann, the former head of the brokerage business at Merrill Lynch & Co., will officially take over as the head of UBS AG's wealth management business by the end of the month, according to a source close to Mr. McCann.
Tax evaders mounting in UBS case
A retired Boeing Co. sales manager is the latest of about half a dozen people to accept plea agreements in a federal investigation of tax-evasion schemes involving the Swiss banking giant UBS.
