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UBS: 'Unauthorized' trades cost us $2 B
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Credit Suisse (2)   UBS (7)   Europe Financial (92)   Iran Financial (10)
Credit Suisse 'aided' US tax evaders  Credit Suisse 'helped its US customers conceal their Swiss accounts' and avoid billions of dollars in American taxes, a report has alleged Central banks told to halt support Map of Basel Switzerland  The Bank for International Settlements (BIS) says banks have done their bit to help economic recovery and governments must do more Swiss bank to close after US fine  Wegelin, Switzerland's oldest bank, is to close permanently after pleading guilty in a New York court to helping Americans evade their taxes UBS fined $1.5bn for Libor rigging  Banking giant UBS has agreed to pay $1.5bn to US, UK and Swiss regulators for attempting to manipulate the Libor inter-bank lending rate UBS plans to cut up to 10,000 jobs  Switzerland's biggest bank will unveil a split of its struggling investment bank next week in a move that will prompt the loss of up to 10,000 jobs UBS unauthorized trade loss now $2.3B
Credit Suisse helped 'tax cheats'


year 2014 Top ^

May.19
  The Swiss banking giant has pleaded guilty to helping some US clients avoid paying taxes to the US government and agreed to pay a $2.6bn fine
Feb.25


year 2013 Top ^

Jun.23
Jan.3


year 2012 Top ^

Dec.18
Oct.27


year 2011 Top ^

Sep.18
  Swiss banking giant lost more than previously thought due to unauthorized trading, it announced Sunday, putting losses at $2.3 billion

Sep.15
  Swiss banking giant UBS discovered that 'unauthorized trading by a trader in its investment bank' has cost it an estimated $2 billion


year 2010 Top ^

Sep.12 Central bankers agree new rules
Map of Basle Switzerland  Central bank governors and senior regulators have agreed new rules designed to prevent a repeat of the recent financial crisis

year 2009 Top ^

Dec.16   Credit Suisse to pay $536m fine over Iran
  Banking group has agreed to pay a $536m fine for violating US sanctions against Iran. Credit Suisse systematically hid the identity of its clients
Mar.13 Switzerland eases banking secrecy
  The world's largest offshore financial centre has agreed to accept concessions on bank secrecy


Bad Economic News Main Event: UBS: 'Unauthor...
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B. 2014-05-19 Credit Suisse helped 'tax cheats' Switzerland
C. 2014-02-25 Credit Suisse 'aided' US tax evaders Switzerland
D. 2013-06-23 Central banks told to halt support Basel, Switzerland
4. 2013-01-03 Swiss bank to close after US fine Switzerland
5. 2012-12-18 UBS fined $1.5bn for Libor rigging Switzerland
6. 2012-10-27 UBS plans to cut up to 10,000 jobs Switzerland
7. 2011-09-18 UBS unauthorized trade loss now $2.3B Switzerland
2011-09-15 UBS: 'Unauthorized' trades cost us $2 B Switzerland
J. 2010-09-12 Central bankers agree new rules Basle, Switzerland


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