UBS

Raoul Weil found Not Guilty in US Tax Fraud Trial

Raoul Weil found Not Guilty in US Tax Fraud TrialOn Monday, Raoul Weil an ex- UBS banker who was charged with tax fraud accusations was cleared by the jury of an US court. When the prosecutors failed to convince the jury with concrete documents that he had conspired in helping several Americans hide billions of dollars from the authorities, Weil was freed from the charges brought against him.

In Order to Settle a German Tax Probe UBS Books 254 million euros From Second Quarter

In Order to Settle a German Tax Probe UBS Books 254 million euros From Second Quarter UBS, the Zurich based lender reserved a 254 million euro ($341.25 million) in the second quarter to settle claims and for resolving a charge which says that it helped rich Germans to duck taxes. This is the most recent in a series of lawsuits that are aimed at its business of private banking.

UBS Announces Cuts in Jobs amid Plans of Overhaul

UBSThe investment banking division of the Swiss bank UBS has reported a big third quarter loss. A recent report reveals that in the wake of the same, the bank has decide make cuts in its jobs by some 10,000 along with cost reductions.

Outlook for UAE promising as per UBS chief

UBS-Kaspar-VilligerUBS chairman Kaspar Villiger has told that in spite of the impact of the Dubai World debt announcement, the outlook for the UAE economy is "promising".

The Swiss bank's chief even said that the UAE and the Gulf region have "fresh opportunities" for economic recovery.

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