Results tagged “UBS” from Dealbreaker
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UBS Not So Much On The Road To Recovery
Nov 18, 2009, 1:42pm
Posted by Jon Shazar
UBS thinks it has its whole, unpleasant financial situation figured out. Moody's Investors Service is somewhat less sure. The ratings agency slashed UBS's deposit and senior debt ratings from double-A-2 to double-A-3. Its financial strength rating and long-term debt rating...
Guy Who Helped UBS Clients Avoid Paying Taxes, Ratted Out Colleagues To IRS Would Like Reward For A Job Well Done
Oct 15, 2009, 2:59pm
Posted by Bess Levin
Bradley Birkenfeld was sentenced in August to more than three years in prison for helping some people not pay their taxes during his time as a private banker at UBS. That's fine, and he accepts that. What Birkenfeld does not...
UBS: Everything Is Cool But Don't Come In 'Til We've Sterilized The Place
Sep 29, 2009, 5:14pm
Posted by Bess Levin
So UBS has yet to say definitively whether or not they've got an outbreak on their hands but they have informed the new associate and analyst classes to enjoy themselves a four day weekend, 'cause there's no need to come...
Unfounded Rumor Of The Afternoon: Robert Wolf Out At UBS?
Sep 29, 2009, 2:57pm
Posted by Bess Levin
From the mailbag: Maybe those who were told at UBS not to come in for the day were part of Robert Wolf's coterie-- hearing confirmation that he's been fired, which would jive with Gasparino's story last week that Bob McCann...
Swine Flu Outbreak At UBS?
Sep 29, 2009, 9:03am
Posted by Bess Levin
Possibly, according to some of our favorite tax evaders in town, who were told not to come in for the day. Of course, they may be jumping to conclusions, and it could have nothing to do with a pig disease...
UBS Eagerly Pays Extortion Money
Aug 12, 2009, 10:21am
Posted by Equity Private
A short bit of pondering on the (now settled) UBS case: "It will take a little time for agreements to be signed in final form," Gibson told Gold today in a telephone conference call. Tax lawyers said they expect UBS...
You And Us And The IRS
Aug 05, 2009, 3:36pm
Posted by Equity Private
Believe it or not the United States and UBSSwitzerland are not anxious to release the details of their 20-Questions: Tax Evaders settlement just this minute (or Friday, when the settlement is due to be concluded). You would think the settlement...
Paging Clive Owen And Naomi Watts....
Aug 03, 2009, 9:26am
Posted by Equity Private
It would be difficult to make the case that, over the last decade or so, financial institutions haven't begun to resemble the sovereigns that purport to regulate them. Certainly, with the news that the spying scandal brewing at Deutsche Bank...
Government Scores A "Victory" Against Tax Frauds
Jun 25, 2009, 3:29pm
Posted by Greg Michaels
Steven Rubinstein probably figured in a world where Allen Stanford is pleading his innocence and Bernie is gunning for 12 years behind bars for the largest Ponzi scheme in history, his sentence for one count of filing a false tax...
NJ Nurse Gets Tough Lesson In Structured Products Marketing
Jun 10, 2009, 9:58am
Posted by Greg Michaels
When a broker sells a (now) 41-year old nurse a basket of structured products, it's hard to tell which is the more glaring problem- a broker selling products to an investor who has no prayer of understanding them or an...
Lying Billionaire Says UBS Lied About His Ability To Lie To The IRS
Jun 08, 2009, 10:04am
Posted by Greg Michaels
Billionaire Igor Olenicoff is suing UBS for allegedly not telling him the truth about his US tax liabilities for his Swiss bank account. However, the real case here is which of the two parties has less credibility. Olenicoff says UBS...
UBS In Trouble Yet Again
Jun 04, 2009, 3:01pm
Posted by Greg Michaels
UBS simply cannot buy a break these days. After weathering tens of billions in writedowns and losses and the US government's attempt to crack open its bank account list, the bank now has another problem on its hands. Securities regulators...
The Unbearable Lightness Of Goldman
May 26, 2009, 5:57pm
Posted by Equity Private
Can you imagine the urgency with which Goldman will now seek to emerge from under the TARP? UBS AG, the Swiss bank which received government assistance, will stick to a policy of paying market wages after being criticized for raising...
UBS Encouraging Incoming Class To Show Up Late For Work
May 01, 2009, 11:27am
Posted by Bess Levin
Our favorite Swiss bank in town emailed the incoming S&T analyst class this morning with some news, good or bad depending on whether or not anyone in the group was hoping to spend the next 12 months finding him/herself. One...
No One Expects The Spanish Inquisition!
Apr 27, 2009, 4:26pm
Posted by Equity Private
Face it. There is no escape and you banks are so unpopular now that any hope you had at generating sympathy is gone gone gone. We want to know your customers. We want to know when you knew them. We...
Expect That Knock On The Door
Apr 02, 2009, 1:25pm
Posted by Equity Private
The IRS has thrown down the gauntlet. The first arrest in the UBS names scandal has been made. Steven Michael Rubinstein, an accountant, was arrested in Boca Raton, Fla., and charged with one criminal count of filing a false and...
Swiss Miss
Feb 03, 2009, 3:56pm
Posted by Equity Private
As we reported to you last week, Bloomberg has now managed to sniff out the fact that UBS is slurping up private wealth management professionals for large signing bonuses (which may or may not have a draw component), even as...
UBS Mushrooms Investment Bankers?
Jan 30, 2009, 11:59am
Posted by Equity Private
A tipster hints that UBS, having now effectively gelded Investment Banking compensation but has not done much to the other units, in particular, Wealth Management. The story goes that UBS has been escrowing IB bonuses for some time, since they...
The Swiss Can Duck
Dec 22, 2008, 2:12pm
Posted by Equity Private
The escape and evasion tactics are beginning already for marketers and fund of funds that exposed the general public to the toxic sludge that was Bernie Made-off. Fortunately for some hawkers, particularly those in Europe, a hodge-podge of regulatory authorities...
Don't Worry, We Have A Plan
Nov 17, 2008, 10:26am
Posted by Equity Private
"Ja, men. We knew this time was coming. Fortunately, as you know, over the years we have made several allowances for just such an occurrence. The tax probe, the protests outside headquarters, I mean it's gotten so we can't even...
