July 6th, 2009
NEW YORK/ZURICH, July 6 (Reuters) - UBS said it is still committed to its U.S. brokerage business, after the Financial Times on Sunday reported the chief executive now favoured a management shake up instead of a sale.
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July 6th, 2009
ZURICH (Dow Jones)--U.S.-based Bank of America Corp. (BAC) knocked Switzerland's UBS AG (UBS) off the top spot as the world's largest private-banking group, while the industry which manages the wealthy's funds saw assets shrink by an estimated $2.9 trillion last year, according to an expert study presented Monday.
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July 4th, 2009
ZURICH (Reuters) - Swiss banks including ZKB and Mirabaud are pulling out of business with individuals who pay U.S. taxes, newspaper Neue Zuercher Zeitung (NZZ) reported on Saturday.
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July 2nd, 2009
The US Federal Bureau of Investigation (FBI) has released its top ten news stories for the week, and it was a big week for financial crimes - four of the top ten stories are financial stories. From the FBI's
press release:
1. New York: Bernard Madoff Sentenced to 150 Years in Prison
Bernard L. Madoff was sentenced in Manhattan federal court to 150 years in prison for perpetrating a Ponzi scheme that resulted in billions of dollars of losses to thousands of investor-victims. He was also ordered to forfeit a total...
