International Business News - UBS http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif UBS has put some of its worst problems behind it but still needs to work hard to rebuild its badly damaged reputation, the Swiss bank's chief executive told employees in an internal memo on Tuesday. http://www.ibtimes.com/data/articleimgs/219923-.jpg http://www.ibtimes.com/articles/20090908/ubs-must-work-hard-rebuild-reputation-ceo.htm http://www.ibtimes.com/articles/20090908/ubs-must-work-hard-rebuild-reputation-ceo.htm Tue, 08 Sep 2009 10:43:31 EDT U.S. investor Capital Group Companies has taken a 4.38 percent stake in Switzerland's UBS, an announcement on the Swiss stock exchange website from Saturday showed. http://www.ibtimes.com/data/articleimgs/219448-.jpg http://www.ibtimes.com/articles/20090831/us-capital-group-takes4-pct-ubs-stake.htm http://www.ibtimes.com/articles/20090831/us-capital-group-takes4-pct-ubs-stake.htm Mon, 31 Aug 2009 08:07:48 EDT Connecticut Attorney General Richard Blumenthal is investigating whether any state residents were among the thousands of U.S. customers of Swiss bank UBS AG who may have evaded income taxes. http://www.ibtimes.com/data/articleimgs/219293-.jpg http://www.ibtimes.com/articles/20090827/connecticut-scrutizine-ubs-clients-on-taxes.htm http://www.ibtimes.com/articles/20090827/connecticut-scrutizine-ubs-clients-on-taxes.htm Thu, 27 Aug 2009 16:18:15 EDT The United States government and Swiss bank UBS AG have reached an agreement in principle on the major issues in their tax evasion dispute, a U.S. Justice Department attorney said on Friday. http://www.ibtimes.com/data/articleimgs/217730-the-logo-of-swiss-bank-ubs-is.jpg http://www.ibtimes.com/articles/20090731/ugovernment-and-ubs-have-agreement-in-principle-on-tax-case.htm http://www.ibtimes.com/articles/20090731/ugovernment-and-ubs-have-agreement-in-principle-on-tax-case.htm Fri, 31 Jul 2009 09:16:03 EDT U.S. authorities are targeting client visits by Swiss-based bankers from UBS in their efforts to identify U.S. citizens with accounts at the bank who may have evaded tax, a Swiss newspaper said on Sunday. http://www.ibtimes.com/data/articleimgs/217372-the-logo-of-swiss-bank-ubs-is.jpg http://www.ibtimes.com/articles/20090726/uprobe-targets-ubs-banker-visits-report.htm http://www.ibtimes.com/articles/20090726/uprobe-targets-ubs-banker-visits-report.htm Sun, 26 Jul 2009 07:24:02 EDT The Swiss foreign minister is due to meet U.S. Secretary of State Hillary Clinton on July 31, just days before a deadline to reach a settlement in a damaging U.S. tax case against UBS . http://www.ibtimes.com/articles/20090719/swiss-minister-to-meet-clinton-ahead-of-ubs-deadline.htm Sun, 19 Jul 2009 07:16:02 EDT A federal court judge in Miami approved a delay in a high-profile trial on Monday in which U.S. tax authorities hoped to force UBS AG to reveal the identities of thousands of Americans suspected of using the Swiss bank to evade taxes. http://www.ibtimes.com/articles/20090713/utrial-delay-seen-bringing-ubs-tax-deal-nearer.htm Mon, 13 Jul 2009 18:08:05 EDT A U.S. judge agreed on Monday to delay the start of a trial in which U.S. tax authorities hoped to force UBS AG to reveal the identities of thousands of Americans suspected of using the bank to evade taxes. http://www.ibtimes.com/data/articleimgs/216626-the-logo-of-swiss-bank-ubs-is.jpg http://www.ibtimes.com/articles/20090713/ujudge-approves-delay-sought-in-ubs-tax-case.htm http://www.ibtimes.com/articles/20090713/ujudge-approves-delay-sought-in-ubs-tax-case.htm Mon, 13 Jul 2009 09:24:01 EDT The U.S. government said on Sunday it was still prepared to step up its legal fight against UBS AG , to force the bank to reveal the names of thousands of Americans suspected of using it for tax evasion. http://www.ibtimes.com/articles/20090712/usays-still-ready-to-ratchet-up-ubs-legal-fight.htm Sun, 12 Jul 2009 11:32:01 EDT The tax-evasion case first gained notoriety in June last year, when it was revealed that a former UBS AG banker once smuggled a client's diamonds into the United States in a toothpaste tube to avoid detection by U.S. authorities. http://www.ibtimes.com/data/articleimgs/216585-.jpg http://www.ibtimes.com/articles/20090711/clock-ticks-down-on-ubs-tax-case-ins-court.htm http://www.ibtimes.com/articles/20090711/clock-ticks-down-on-ubs-tax-case-ins-court.htm Sat, 11 Jul 2009 13:23:03 EDT A judge ordered the U.S. government to say whether it was prepared to shut Swiss bank UBS AG in the United States as part of a battle to learn the identity of 52,000 secret accounts suspected of being used by Americans to avoid taxes. http://www.ibtimes.com/data/articleimgs/216465-a-ubs-logo-is-pictured-onubs-bank.jpg http://www.ibtimes.com/articles/20090708/judge-asks-ifs-govt-would-shut-ubs-in-tax-fight.htm http://www.ibtimes.com/articles/20090708/judge-asks-ifs-govt-would-shut-ubs-in-tax-fight.htm Wed, 08 Jul 2009 19:48:02 EDT A history of strong relations between Switzerland and the United States should help Swiss bank UBS find a settlement in a damaging U.S. bid to access data of wealthy Americans trying to dodge taxes. http://www.ibtimes.com/articles/20090708/strong-swisss-ties-could-help-ubs-settle-tax-row.htm Wed, 08 Jul 2009 10:48:03 EDT Switzerland has vowed to prevent UBS from handing over client information to U.S. authorities, in an attempt to defend bank secrecy, saying a tax case targeting its main bank is souring diplomatic ties. http://www.ibtimes.com/data/articleimgs/216421-the-logo-of-swiss-bank-ubs-is.jpg http://www.ibtimes.com/articles/20090708/swiss-to-stop-ubs-handing-over-data-ins-tax-row.htm http://www.ibtimes.com/articles/20090708/swiss-to-stop-ubs-handing-over-data-ins-tax-row.htm Wed, 08 Jul 2009 06:08:01 EDT U.S. tax authorities have discovered far fewer than the 52,000 accounts with Swiss bank UBS AG suspected of being used by Americans to avoid taxes, the U.S. government said in a court filing on Monday. http://www.ibtimes.com/articles/20090706/us-says-has-far-less-than-52-000-ubs-account-names.htm Mon, 06 Jul 2009 19:55:40 EDT The U.S. Justice Department said on Tuesday it was pressing ahead with its five-month-old lawsuit against UBS AG to force the Swiss bank to identify thousands of U.S. clients with secret UBS accounts. http://www.ibtimes.com/data/articleimgs/216022-the-logo-of-ubs-bank-is-seen.jpg http://www.ibtimes.com/articles/20090630/udemands-ubs-comply-in-full-in-tax-evasion-case.htm http://www.ibtimes.com/articles/20090630/udemands-ubs-comply-in-full-in-tax-evasion-case.htm Tue, 30 Jun 2009 17:24:05 EDT The U.S. Justice Department said it was not planning to drop its lawsuit seeking to force UBS AG to disclose thousands of the Swiss bank's U.S. customers with secret accounts. http://www.ibtimes.com/articles/20090623/ujustice-dept-says-no-plans-to-drop-ubs-case.htm Tue, 23 Jun 2009 12:40:03 EDT ATI Petroleum, the petroleum exploration management and operations company, has released UBS's Indicative Valuation report of ATI Petroleum's (“ATIP”) 10% interest in oil and gas Blocks 102 and 106, located in offshore Vietnam. http://www.ibtimes.com/articles/20090507/ubs-values-ati-petroleum-rsquovietnamese-oil-gas-holdings-309-million.htm Thu, 07 May 2009 18:20:35 EDT Switzerland urged a U.S. court on Thursday to reject demands by U.S. tax authorities for information about U.S. clients of UBS AG, saying disclosure would violate its sovereignty and international law. http://www.ibtimes.com/articles/20090430/switzerland-askss-court-to-halt-ubs-tax-case.htm Thu, 30 Apr 2009 21:56:02 EDT Swiss banking UBS AG said Monday it plans to sell its Brazilian unit for £1.7 billion or $2.5 billion to BTG investments to boost up its capital in the current economic crisis. http://www.ibtimes.com/articles/20090420/ubs-sell-brazil-unit-pound7-billion.htm Mon, 20 Apr 2009 14:26:50 EDT UBS AG said Wednesday it will cut 11 percent of its production, in an effort to save 4 billion Swiss francs, or $3.5 billion, after its first quarter losses on write-down's and clients withdrawal. http://www.ibtimes.com/data/articleimgs/212150-.jpg http://www.ibtimes.com/articles/20090415/ubs-slash-8700-jobs.htm http://www.ibtimes.com/articles/20090415/ubs-slash-8700-jobs.htm Wed, 15 Apr 2009 12:53:28 EDT