Company Profile for UBS
UBS AG
| Type | Aktiengesellschaft (AG) Public company |
|---|---|
| Founded | 1854 |
| Headquarters | Zürich & Basel, Switzerland |
| Industry | Banking Financial services |
| Key People | Axel A. Weber (Chairman)Sergio Ermotti (CEO) |
| Products | Investment Banking Investment Management Wealth Management Private Banking Corporate Banking Private Equity Finance and Insurance Consumer Banking Mortgages Credit Cards |
ADDITIONAL INFORMATION:
UBS Financial Services Inc.
Client Relations
PO Box 766
Union City, NJ 07087
Toll-free: 800-354-9103 (M-F 8 a.m.-5 p.m.)
comments@ubs.com
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(twicepix)
—>Bad news for tax evaders! UBS has reached an agreement with the IRS to turn over the names of 4,450 "U.S. account holders as part of a U.S.-Swiss tax-evasion settlement and investigation that could produce a total 10,000 account identities," says the WSJ. More »
—>Swiss bank UBS, which has "admitted conspiring to defraud the Internal Revenue Service and agreed to pay $780 million to settle a sweeping federal investigation into its activities," has agreed to release the names of Americans who have been secreting away cash in UBS' fabled Swiss bank accounts. The U.S. Justice Department has been investigating about 19,000 accounts, but the New York Times says the bank may only release a couple hundred names. Update: Now the IRS has asked a judge to demand that UBS turn over the names of around 52,000 clients. UBS says it will "vigorously challenge" the new request. More »
—>Instead of sucking off the blood of taxpayers, Swiss banking giant UBS is weathering a financial crisis wrought by investing in bad mortgages by aggressively selling off its U.S. commercial and residential mortgage-related assets. Reports Forbes: More »
—>Recently, we told you that Senator Levin recommended that the UBS not patronize American citizens who are trying to evade taxes. His wish has come true—UBS has announced plans to close the Swiss bank accounts of such American customers and will lift the cloak of anonymity which has protected its customers for centuries. Details, inside.. More »
—> Another update to the disgruntled computer technician story: Sen. Carl Levin told ABC News that Swiss banking giant UBS's banking license should be revoked until the bank "cleans up its act." The bank is accused of arranging "undeclared" accounts for an estimated 19,000 US citizens, effectively "hiding" $18 billion from the IRS. More »
Swiss banking giant UBS is now up to $40 billion in total mortgage related writedowns. Whoopsie-Daisy! [Marketplace] More »
