Comments on: UBS Shakes Up Board Amid “Likely” IRS Probe

By: UBS Shakes Up Board Ahead of ‘Likely’ IRS Probe

UBS Shakes Up Board Ahead of ‘Likely’ IRS Probe — Mon, 03 Nov 2008 15:03:09 +0000

[...] Source: UBS Shakes Up Board Amid “Likely” IRS Probe addthis_url = ‘http%3A%2F%2Fdev.contrarianprofits.com%2Farticles%2Fubs-shakes-up-board-amid-%25e2%2580%259clikely%25e2%2580%259d-irs-probe%2F3431′; addthis_title = ‘UBS+Shakes+Up+Board+Ahead+of+%26%238216%3BLikely%26%238217%3B+IRS+Probe’; addthis_pub = ”; Advertisement [...]

By: It’s an Ill Wind That Blows, as Earnings Seasons Approaches

It’s an Ill Wind That Blows, as Earnings Seasons Approaches — Mon, 03 Nov 2008 14:46:22 +0000

[...] actually moved to the backburner as investors focused on European competitor UBS AG (ADR: UBS) and a Justice Department investigation into the potential tax fraud of several key clients. To date, the Swiss banking giant has reported more than $35 billion in asset write-downs, while [...]

By: UBS Restructures Management, Hoping to Restore Confidence After Second Quarter Losses

Thu, 04 Sep 2008 22:30:09 +0000

[...] An investigation by the Internal Revenue Service has also detracted from UBS’ credibility. The IRS has issued a summons for customer information, alleging the bank helped clients evade U.S. taxes. UBS said it would stop servicing American accounts, and the Swiss Finance Ministry is evaluating whether or not the bank should offer any further compliance. [...]

By: UBS Sued for Securities Fraud

UBS Sued for Securities Fraud — Thu, 04 Sep 2008 22:20:39 +0000

[...] The suit is yet another blow for the Zurich-based bank, which is also under investigation by U.S. Department of Justice to determine whether UBS helped Amer…. [...]