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Swiss Bank UBS Posts Third-Quarter Profit

Nov. 4, 2008
After reporting a net profit of 296 million Swiss francs ($252 million), compared with a year-earlier loss of 858 million francs, the Swiss banking giant gave a gloomy forecast for the rest of the year.
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Tax probe turns on UBS executive

MIAMI, Nov. 12 (UPI) -- A U.S. grand jury indicted an executive of Swiss bank UBS Wednesday and officials alleged co-conspirators helped 20,000 clients evade U.S. taxes.

Prosecutors focus on Swiss bank accounts

WASHINGTON, Nov. 1 (UPI) -- Criminal tax lawyers say a growing number of U.S. clients with secret Swiss bank accounts want to come clean with the IRS to avoid prosecution.
Federer signs on for Davis Cup first round

Federer signs on for Davis Cup first round

GENEVA, Switzerland, Oct. 28 (UPI) -- World No. 2-ranked Roger Federer has said he will play for the Swiss team in a Davis Cup match against the United States in March.

Switzerland to rescue its two biggest banks

BERNE, Switzerland, Oct. 16 (UPI) -- The Swiss National Bank said it would set up a fund to relieve its largest bank of $60 billion in toxic assets, in spite of an improved financial environment.

UBS to downsize its investment bank

ZURICH, Switzerland, Oct. 3 (UPI) -- Swiss bank UBS said Friday it would trim its investment bank workforce by an additional 2,000 workers in the wake of a global financial crisis.
Swiss-U.S. match tops Davis Cup pairings

Swiss-U.S. match tops Davis Cup pairings

LONDON, Sept. 23 (UPI) -- World No. 2 Roger Federer helped the Swiss qualify for next year's World Group in Davis Cup play and the Swiss will open the tournament in the United States.

Swiss 3-D system aids weather forecasting

LAUSANNE, Switzerland, Aug. 28 (UPI) -- Swiss scientists say they have developed a new technology that improves weather forecast accuracy by providing continuous data on atmospheric conditions.

Swiss Guards to get new commander

VATICAN CITY, Aug. 19 (UPI) -- A Swiss police commander and veteran of the Vatican's famed Swiss Guards was named Tuesday as the new commander of the world's smallest army.

UBS chairman predicts profitable future

ZURICH, Switzerland, Aug. 18 (UPI) -- Chairman Peter Kurer of Swiss UBS said he believed the bank, which lost $326.8 million in the second quarter, can return to earning a profit.

UBS shakes up after second-quarter losses

ZURICH, Switzerland, Aug. 12 (UPI) -- Swiss bank UBS said its fourth consecutive quarter of losses reached $326 million, triggering a management and organizational shakeup.

New York files suit against UBS bank

ALBANY, N.Y., July 25 (UPI) -- New York Attorney General Andrew Cuomo said UBS bank stuck customers with $20 billion in securities although bank officials knew their market was collapsing.

Libyan-Swiss relations falter after arrest

GENEVA, Switzerland, July 23 (UPI) -- Libyan leader Moammar Gadhafi is feuding with Switzerland following the arrest of his son and daughter-in-law there, Swiss officials say.
UBS drops U.S. client offshore-banking

UBS drops U.S. client offshore-banking

WASHINGTON, July 17 (UPI) -- Swiss bank UBS said Thursday it will stop offering offshore-banking services to U.S. clients after a threat to its U.S. banking privileges.

Swiss contract for locator beacon tech

SOUTH ST. PAUL, Minn., July 15 (UPI) -- Swiss defense officials announced a contract with Digital Angel to supply the Swiss air force with personal locator beacon technology.

Top-seeded Wawrinka advances in Swiss Open

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Lori Anne Madison, 6, competes in Scripps National Spelling Bee
View Caption
Lori Anne Madison, 6, of Woodbridge, Virginia, spells out the letters in her word as she competes during the opening round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. Madison, the youngest known qualifier in the history of the contest, correctly spelled the word "dirigible*", a lighter-than-air aircraft, to advance. UPI/Mike Theiler