Swizz Banks

  • Will we ever get to know who are the real beneficiaries of black money stashed abroad? June 23, 2014

    The Reserve Bank of India on Monday directed all banks and financial institutions to provide information and documents sought by the Special Investigation Team (SIT) set up to unearth black money. ...
  • UBS CEO quits, board wants faster restructuring September 24, 2011

    Zurich: The board of UBS accepted on Saturday the resignation of Chief Executive Oswald Gruebel after the Swiss bank lost $2.3 billion in alleged rogue trading and said it had appointed Sergio Ermotti to replace him for now. Ermotti, a 51 year-old from Switzerland's Italian-speaking region of Ticino, joined UBS in...
  • Tax evader Hasan Ali's money trail revealed March 4, 2011

    New Delhi: The income tax department has issued a show cause notice to tax defaulter Hasan Ali, on non-payment of Rs 40,000 crore worth of tax dues. He has been given 15 days to reply. He has a bank account with Union Bank of Switzerland (UBS) in Zurich which has $8...
  • Swiss bank giant UBS to cut 8,700 jobs April 15, 2009

    Zurich: The Swiss banking giant UBS on Wednesday said it will take a first quarter loss of almost 2 billion Swiss francs ($1.7 billion) and will cut 8,700 jobs worldwide by 2010. Most of the new losses were in further writedowns and cash outflows in its wealth management divisions. The bank was...