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Swiss bank UBS, hard hit by the U.S. subprime crisis, reported a first-quarter loss of $10.97 billion and said Tuesday it will slash almost 7 percent of its work force.
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AP, Geneva
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AP, Geneva
The European Union says it will slash farm tariffs by 60 percent as part of a new global trade pact, a deeper cut than it has ever offered.
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AP, Basel
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AP, Geneva
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AP, Geneva
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AP, Geneva
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AP, Geneva
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AP, Geneva
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AP, Geneva
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AP, Basel
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AP, Geneva
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AP, New York
New York Attorney General Andrew Cuomo sued banking giant UBS for fraud Thursday, accusing the company of marketing tens of billions of dollars of auction-rate...
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AP, New York
Banking giant UBS AG faces securities-fraud charges in New York over its conduct in the auction-rate securities market.
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AP, Zurich
UBS AG, Switzerland’s largest bank, said Friday it expects its second-quarter results to be “at or slightly below break-even” due to a tax credit that...
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AP, Miami
A federal judge agreed Tuesday to allow the IRS to serve legal papers on Swiss banking giant UBS AG in an expanding investigation into U.S. taxpayers who may have used...
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AP, Zurich
UBS AG announced a major boardroom reshuffle Tuesday, the second since the Swiss banking giant suffered heavy losses as a result of the U.S. subprime crisis.
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AP, Washington
The Justice Department said it is seeking information from Swiss bank UBS AG about U.S. taxpayers who may have used offshore accounts to avoid paying federal income...
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AP, Boston
Massachusetts regulators filed civil fraud charges Thursday against UBS Financial Services for allegedly selling investments it knew were extremely risky, but portrayed...
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AP, Fort Lauderdale
A former UBS executive has pleaded guilty in a U.S. tax case that is part of a wide-ranging probe into whether the Swiss banking giant helped wealthy clients hide...
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AP, Zurich
UBS AG said Thursday that it would raise $15.5 billion in a rights issue at a 31 percent discount below the current share price.
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AP, New York
Stocks are down in early trading after mortgage lender Fannie Mae, homebuilder D.R. Horton and Swiss bank UBS reported quarterly losses.
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AP, Zurich
Swiss bank UBS AG announced Tuesday it would cut 5,500 jobs and reported a net loss of 11.5 billion Swiss francs ($10.97 billion) for the first quarter of this year.
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AP, Zurich
Swiss bank UBS AG announced Tuesday it would cut 5,500 jobs and reported a net loss of 11.5 billion Swiss francs ($10.97 billion) for the first quarter of this year.
made popular May 6 2008
AP, Basel
Outgoing UBS AG chairman Marcel Ospel said Wednesday that the worst is over for subprime problems at Switzerland’s largest bank and “we soon will be sailing...
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AP, Zurich
UBS AG said Wednesday that shareholders will receive a considerably lower dividend for 2007 than in previous years because of massive write-downs caused by the subprime...
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AP, Bern
The incoming chairman of UBS AG, Peter Kurer, said the Swiss bank would stick to its integrated business model, despite massive write-downs caused by the subprime...
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AP, Bern
A former president at UBS AG urged the Swiss bank to spin off its investment unit following massive losses related to the subprime crisis.
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AP, Zurich
UBS AG’s chairman abruptly resigned Tuesday as the Swiss bank reported a first-quarter loss of $12.1 billion and said it would seek $15.1 billion in new capital.
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AP, Zurich
Swiss bank UBS AG on Tuesday reported more serious damage from exposure to the U.S. subprime crisis, saying it would post first-quarter losses of $12.1 billion and that...
made popular Apr 1 2008
AP, Zurich
Swiss bank UBS AG says it expects to post first quarter net losses of $12 billion and to seek $15 billion in new capital.
made popular Apr 1 2008
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