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Stock Market & Financial Investment News

News Breaks
February 8, 2013
07:42 EDTUBSCourt throws out UBS tax evasion lawsuit, Reuters reports
The 7th U.S. Circuit Court of Appeals in Chicago threw out an effort by some American customers of UBS (UBS) to recover damages over bank services that resulted in their having evaded U.S. taxes, reports Reuters. In 2009, UBS admitted that it helped several thousand wealthy Americans evade taxes. The bank also paid a $780M fine in settling with the Justice Department. Reference Link
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August 27, 2015
18:02 EDTUBSU.S. may prohibit Deutsche Bank, others from managing pensions, Bloomberg says
In correspondence dated mid-July, the U.S. Labor Department tentatively rejected requests from Deutsche Bank (DB), UBS (UBS), RBS (RBS) to manage U.S. pension funds, reports Bloomberg, citing letters between the organizations. Bloomberg notes that the Department could use the "threat of denial" to mandate stricter conditions on pension management. Reference Link
06:23 EDTUBSGoldman hiring 'several hundred' employees for Warsaw units, Reuters reports
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August 13, 2015
17:37 EDTUBSEight banks agree to pay $2B to settle currency rigging suit, Reuters says
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