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- Virgin Media content chief quits amid sale reports
- Virgin Media's head of content, Malcolm Wall, will leave the company next month, sparking reports that Virgin has opted to sell its entire content division, which includes its 50% stake in UKTV. Following months of speculation about a sale, company...
- Articles 2009-03-05
Additional Resources
- UBS Won't Stem Withdrawals Soon as Q3 Disappoints
- By Lisa Jucca ZURICH (Reuters) - Swiss bank UBS UBSNUBS does not expect to win back assets from rich clients any time soon as it struggles to rebuild its reputation after a bitter U.S. tax row even as its underlying performance improves. Higher-than-expected accounting charges pushed UBS into its fourth...
- News items 2009-11-03
- UBS Won't Stem Withdrawals Soon
- By Lisa JuccaZURICH (Reuters UK) - Swiss bank UBS does not expect to win back assets from rich clients any time soon as it struggles to rebuild its reputation after a bitter U.S. tax row even as its underlying performance improves.Higher-than-expected accounting charges pushed UBS into its fourth consecutive quarterly...
- News items 2009-11-03
- UBS Won't Stem Withdrawals Soon as Q3 Disappoints
- By Lisa JuccaZURICH (Reuters) - Swiss bank UBS does not expect to win back assets from rich clients any time soon as it struggles to rebuild its reputation after a bitter U.S. tax row even as its underlying performance improves.Higher-than-expected accounting charges pushed UBS into its fourth consecutive quarterly loss...
- News items 2009-11-03
- UBS Targets Return to Profit, Says Will Take Time
- By Lisa JuccaZURICH (Reuters) - UBS UBSN UBS boss Oswald Gruebel is targeting an annual pretax profit of 15 billion Swiss francs ($14.9 billion) as he aims to put the subprime crisis and a U.S. tax row behind the loss-making bank and win back clients.Chief executive Gruebel told investors on...
- News items 2009-11-17
- UBS targets return to profit, says will take time
- QUICK SUMMARY | FULL STORY By Lisa Jucca of Reuters ZURICH - UBS boss Oswald Gruebel is targeting an annual pretax profit of 15 billion Swiss francs ($US14.9 billion, $A15.99 billion) as he aims to put the subprime crisis and a US tax row behind the loss-making bank and win...
- News items 2009-11-17
- UBS, US settle tax evasion case
- By Pascal Fletcher and Jim Loney of Reuters MIAMI - Swiss bank UBS AG and the US government have agreed to settle a long-running dispute over the disclosure of names of wealthy American clients suspected of tax evasion. The parties have initialled agreements that will "take a little time to...
- News items 2009-08-12
- UBS Shares Climb Further on U.S. Tax Case Deal
- ZURICH (Reuters) - Shares in UBS UBSUBSN on Thursday extended gains as investors expected the settlement of a damaging U.S. tax dispute to allow the bank to focus on becoming profitable again. UBS, the world's second-largest wealth manager in terms of managed assets, and the U.S. government agreed on Wednesday...
- News items 2009-08-14
- Swiss to Reveal UBS Accounts to Settle U.S. Tax Battle
- By Jason Rhodes and Kim Dixon BERNE/WASHINGTON (Reuters) - Switzerland has agreed to reveal the names of about 4,450 wealthy American clients of UBS AG to U.S. authorities in a tax dispute settlement that pierces Swiss banking secrecy and now threatens to spill over to other banks. The deal promises...
- News items 2009-08-19
- Clock Ticking at UBS For Gruebel
- By Lisa Jucca, European Wealth Management CorrespondentZURICH (Reuters UK) - Turnaround wizard Oswald Gruebel must prove to investors he has not lost his magic by clearly mapping out UBS's road to recovery at a key investor event.UBS is expected to unveil business targets, and investor expectations for the no-nonsense Gruebel...
- News items 2009-11-16
- Robert McCann to Head UBS U.S. Wealth Unit
- By Katie Reid and Lisa JuccaZURICH (Reuters) - Robert McCann, the new head of UBS's U.S. wealth management unit that was battered by a high-profile tax row, said he aims to stem client withdrawals and has no plans to sell the business.McCann, who led Merrill Lynch's wealth management business until...
- News items 2009-10-27
- Prosecution of UBS informant seen backfiring on US
- By Tom Brown of Reuters MIAMI - The key informant in the US tax evasion case against Swiss bank UBS AG faces prison next year, but his harsher-than-expected treatment by the US Justice Department will undermine efforts to expose secretive offshore tax havens, lawyers and whistle-blower advocates say. Bradley Birkenfeld,...
- News items 2009-10-09
- Swiss Turn a Profit on $5.1 Billion UBS Stake Sale
- By Douwe Miedema and Sam Cage LONDON/ZURICH (Reuters) - Switzerland sold its stake in UBS UBSNUBS for 5.5 billion Swiss francs ($5.1 billion) on Thursday, making a solid profit from last year's rescue of its largest bank. The sale of the 9 percent stake comes a day after the country...
- News items 2009-08-20
- JPMorgan buys UBS Canadian commodities unit
- UBS announced Monday that it is selling its Canadian-based commodities and energy business to JPMorgan Chase & Co. as part of its plan to refocus on its core securities and advisory functions. JPMorgan will acquire UBS Commodities Canada Ltd., the Canadian energy operations of UBS AG, Switzerland's biggest bank, as...
- News items 2009-08-07
- UBS to Name 5,000 Accounts Under U.S. Deal: Paper
- By Jonathan Lynn GENEVA (Reuters) - The deal initialed last week between the United States and Switzerland over UBS will involve the disclosure of around 5,000 holders of secret Swiss accounts, weekly newspaper NZZ am Sonntag said on Sunday. Another Swiss weekly, Sonntag, said around 4,500 names would be handed...
- News items 2009-08-17
- FSA Fines UBS £8 Million
- By Kirstin RidleyLONDON (Reuters UK) - Four former dealers at UBS UBS UBSN plundered customer accounts to trade and dumped the resulting losses on them, Britain's financial regulator said, further denting the battered Swiss bank's reputation.The scandal has cost UBS more than $55 million (33.2 million pounds) as the Financial...
- News items 2009-11-05
- Swiss Cabinet Meets on UBS as U.S. Tax Talks Drag
- By Lisa Jucca ZURICH (Reuters) - The Swiss government held a special session on Monday to discuss the U.S. tax evasion case hanging over Swiss bank UBS UBSNUBS as negotiations to settle the issue dragged on. The Swiss government, currently in recess, is holding an extraordinary meeting on Monday, a...
- News items 2009-08-10
- UBS tax deal with US expected soon
- By Jason Rhodes of Reuters BERNE - Details of a deal to settle a US tax case against Swiss bank UBS AG could come as soon and could have far-reaching implications for other wealth managers. The lawsuit against UBS, which alleges that it helped US citizens dodge taxes, has strained...
- News items 2009-08-19
- UBS Chairman Says Clients "not Harmless Victims": Report
- ZURICH (Reuters) - Clients of UBS facing disclosure of their accounts to U.S. tax authorities were not harmless victims and legal cases against former UBS bankers did not affect the bank, its chairman told Swiss Sunday newspapers. "The clients are not just harmless victims. They knew what they wanted to...
- News items 2009-08-24
- UK, Australia Seek UBS Data After U.S. Tax Case
- ZURICH (Reuters) - Authorities in Britain and Australia have requested information from UBS after the Swiss bank agreed in August to disclose some 4,450 client names to settle a U.S. tax case, the bank confirmed on Sunday.UBS said in a note to its third-quarter financial statement, published last week, that...
- News items 2009-11-08
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