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A collection of news and information related to UBS AG published by Tribune Company sources.
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37 items on UBS AG
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Andrew Cuomo announces fraud lawsuit against UBS
emi.endo@newsday.comNew York State Attorney General Andrew Cuomo yesterday announced a nationwide lawsuit against UBS, charging that the bank committed fraud by falsely marketing and selling auction rate securities as safe, cash-equivalent investments. More than 7,000 state...Tags: Fraud, Auction Service, Sales, Credit Ratings, Corporate Crime
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Fund manager sees $1 trillion in write-downs
From Chicago Tribune news servicesFalling U.S. home prices will force financial firms to write down $1 trillion from their balance sheets, crimping bank lending and sparking sales of assets, said closely watched investor Bill Gross, who manages the world's biggest bond fund, PIMCO Total...Tags: Freddie Mac, Fannie Mae, House, Federal Reserve, Parliament
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N.Y. Attorney General Sues Swiss Bank UBS AG
New York Attorney General Andrew Cuomo sued UBS AG on Thursday, accusing the Swiss banking giant of fraudulently promoting tens of billions of dollars of auction-rate securities as safe when it knew a crisis was brewing. The lawsuit claims several bank...Tags: Trials, Swiss Bank Corporation, Auction Service, Prosecution, Litigation
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Senate Panel Scutinizing Tax Haven Abuses
Associated PressSenators on a key tax panel demanded a crackdown on offshore tax havens in the wake of a new report that one building in the Cayman Islands is used as a business address for more than 18,000 companies. Congressional scrutiny of the offshore tax...Tags: Upper House, George Bush, House, State Budgets, Parliament
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NY AG sues banking giant UBS for securities fraud
Associated Press WriterNew York Attorney General Andrew Cuomo sued banking giant UBS on Thursday, accusing the company of fraudulently promoting tens of billions of dollars of auction-rate securities as safe when it knew a crisis was brewing. The lawsuit claims several bank...Tags: Employers, Employees, Personal Finance, Fraud, Trials
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CME 2Q profit rises on CBOT deal
AP Business WriterFutures exchange operator CME Group Inc. said Tuesday its second-quarter profit rose sharply, benefiting from the integration of last year's acquisition of the Chicago Board of Trade. Separately, CME Group said it obtained committed financing for its...Tags: Mergers, Acquisitions and Takeovers, Chicago Board of Trade, New York Mercantile Exchange, Bank of America Corp.
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UBS ends offshore service for U.S. clients
UBS AG will stop offering offshore- banking services to U.S. clients through non-U.S. branches, said Mark Branson, chief financial officer of UBS' global wealth-management unit.Tags: Banking
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Bank's sales records seized
From wire reportsSecurities regulators from several U.S. states raided the St. Louis headquarters of Wachovia Securities yesterday, seeking documents and records on the company's sales practices. The move is part of an investigation into questionable practices...Tags: Regulatory Policy and Organizations, Financial Markets, Quarterly or Semiannual Financial Statements, Wachovia Corp., Trials
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IN BRIEF
ICON Central Laboratories, a biotech firm, has received a $112,500 state grant for its expansion in Farmingdale. The company, whose parent company is ICON Plc of Ireland, consolidated three buildings into a new high-tech research lab. It has 225 employees...Tags: Computing and Information Technology, Energy Resources, Natural Gas, Medical Research, Sirius Satellite Radio Incorporated
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Whistle-blower complaint filed
A former broker with UBS AG filed a whistle-blower complaint alleging the firm forced him to resign after he cooperated with state regulators investigating sales of risky investments to Massachusetts cities and towns. Timothy Flynn's complaint alleges top...Tags: Auction Service
Jul 25, 2008
|Story| Newsday
Jul 25, 2008
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Jul 25, 2008
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Jul 25, 2008
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Jul 24, 2008
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Jul 22, 2008
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Jul 18, 2008
|Story| Baltimore Sun
Jul 18, 2008
|Story| Baltimore Sun
Jul 18, 2008
|Story| Newsday
Jul 4, 2008
|Story| Baltimore Sun
