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Swiss bank UBS is set to shell out more than $1.4 billion to settle accusations of “historic” fraud relating to its role in the 2008 financial crisis. ... The now-settled lawsuit against UBS ...
UBS Group AG building in St. Gallen.UBS maintains strict banking secrecy practices which have been used to facilitate tax evasion. The Swiss investment bank and financial services company, UBS Group AG, has been at the center of numerous tax evasion and avoidance investigations undertaken by U.S., French, German, Israeli, and Belgian tax authorities as a consequence of their strict banking ...
From 2007 to 2008, Trevor Murray worked for UBS, a multinational investment bank and financial services company.In 2011, he was recruited back to UBS. When he returned, Murray was responsible for researching UBS's commercial mortgage-backed securities (CMBS), and reporting his findings to the firm's current and prospective customers.
The Swiss lender is the 18th firm to reach a settlement with US prosecutors investigating the 2008 crisis.
Bradley Charles Birkenfeld (born February 26, 1965) is an American private banker, convicted felon, and whistleblower.During the mid- to late-2000s, he made a series of disclosures about UBS Group AG clients, in violation of Swiss banking secrecy laws, to the U.S. government alleging possible tax evasion.
Swiss bank UBS AG is being sued by the Madoff bankruptcy trustee for $2.5 billion. It is alleged UBS "capitalized on the Ponzi scheme in the face of clear indications of fraud." The bank put $1 ...
It later emerged that UBS had failed to act on a warning issued by its computer system about Adoboli's trading. [6] [7] [8] After two delays requested by Adoboli and a change of legal representation, Adoboli pleaded not guilty to two counts each of fraud and false accounting on 30 January 2012. He was released on conditional bail after a bail ...
In answer to a lawsuit filed by the U.S. in federal court in Miami, UBS said it would not reveal the names of 52,000 American customers because that would require the bank to break Swiss law. UBS ...