UBS

Justice Department Goes To Court Over Release of UBS Tax Evader List

The Department of Justice is asking the Court to allow the IRS to issue a summons to UBS AG demanding the names of wealthy U.S. clients who used the Swiss bank to keep 'undeclared accounts' in order to evade U.S. taxes.

Vested Interest: 
No vested interest
Stock Symbol: UBS UBS AG (NEW) Stock Price: $20.32 Todays Change: +0.49 (+2.47%)

Cash In On the Middle East's Massive Construction Projects

Middle Eastern countries know their oil supplies aren’t going to last forever. So they’re pumping more than $2 trillion into new, long-term economic projects - such as brand new cities that will function as both business and vacation hot spots.

Stocks drop on disappointing earnings

The stock market continued its losses on Tuesday after Fannie Mae, D.R. Horton Inc. and Swiss bank UBS reported quarterly losses. We also recorded a new record for crude oil, $121.49.

Vested Interest: 
My future
Stock Symbol: ^DJI DOW JONES INDUSTR Stock Price: $11288.54 Todays Change: +73.03 (+0.65%)

Spinoffs: Timing is Everything

 

Andrew Corn of of Clear Indexes (CSD) believes that "Spin-Offs stand to become increasingly prevalent in the near future." Why? Because you can "Give a high growth unit the chance to reap the benefits of a high growth stock, shed a non-core business, or give investors the chance to buy into a specific industry without taking on other divisions."

Vested Interest: 
MO
Stock Symbol: IACI IAC/INTERACTIVE Stock Price: $18.08 Todays Change: -0.34 (-1.85%)

Former UBS president urges strategy shift

UBS AG, already wincing from massive write-downs caused by the subprime crisis, has taken another blow as a former CEO is pushing the Swiss bank to separate its private client operations from the stumbling investment unit.

Shares Surge on Bank Write-Downs

 

Stocks started off the second quarter with a rally on Tuesday as investors weighed a fresh round of mortgage-related write-offs at UBS and Deutsche Bank, two of the world’s largest financial institutions.

UBS Says Ospel Resigns After Writedowns Lead to Loss

 

UBS AG, battered by the biggest writedowns from the collapse of the U.S. subprime mortgage market, reported a 12 billion-franc ($11.9 billion) first-quarter loss and said Chairman Marcel Ospel will step down.

Stocks Climb After Lehman, UBS Plans

Wall Street rallied Tuesday, the first day of the second quarter, on news that two banks slammed by the credit crisis are working to raise cash and that U.S. manufacturing is faring better than expected. The Dow Jones industrial average soared more than 220 points.

Vested Interest: 
The economy and my future
Stock Symbol: UBS UBS AG (NEW) Stock Price: $20.32 Todays Change: +0.49 (+2.47%)

UBS sub-prime losses mount to $18.4bn

 

UBS has significantly increased its estimate of huge fourth-quarter losses from the American sub-prime mortgage crisis, further increasing the pressure on Marcel Ospel, its chairman.

UBS admits that it still cannot quantify its exposure to sub-prime crisis

 

The cloud of uncertainty hanging over the credit markets was thrown into sharp relief yesterday as UBS told investors that it still could not be sure about the full financial impact of the credit crunch.