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    <title>Mail.com: UBS AG</title>
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      <title>Mail.com: UBS AG</title>
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      <title>UBS posts $1 billion net profit in first quarter</title>
      <link>http://www.mail.com/in-en/business/economy/2052772-ubs-posts-1-billion-net-profit-quarter.html</link>
      <description>GENEVA (AP) — A first-quarter net profit of $1 billion thanks to strong investment banking and wealth management sent shares in Swiss bank UBS AG surging up well more than 5 percent Tuesday on the Swiss stock exchange. 
                   The result posted by Switzerland's biggest bank, headquartered in Zurich and Basel, Switzerland, caused shares to jump to 16.6 francs, a g...</description>
      <pubDate>Tue, 30 Apr 2013 16:33:57 GMT</pubDate>
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      <dc:date>2013-04-30T16:33:57Z</dc:date>
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      <title>Cost-cutting gives Credit Suisse a huge Q1 lift</title>
      <link>http://www.mail.com/in-en/business/economy/2040870-cost-cutting-credit-suisse-huge-q1-lift.html</link>
      <description>BASEL, Switzerland (AP) — Swiss bank Credit Suisse Group said Wednesday that its cost-cutting efforts helped it record a huge jump in first-quarter profits compared with a year earlier. 
                   Switzerland's second-biggest bank posted a profit of 1.3 billion Swiss francs ($1.37 billion), up sharply from the 44 million francs in the first quarter of 2012, when it ...</description>
      <pubDate>Wed, 24 Apr 2013 18:21:44 GMT</pubDate>
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      <dc:date>2013-04-24T18:21:44Z</dc:date>
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      <title>Swiss vote on bosses' pay could hit offshore firms</title>
      <link>http://www.mail.com/in-en/news/europe/1926632-swiss-vote-bosses-pay-hit-offshore-firms.html</link>
      <description>BERLIN (AP) — Foreign executives who moved their company headquarters to Switzerland to get better tax deals for their firms may find themselves paying the price for it this weekend. 
                   A plan to crack down on excessive corporate pay packages is predicted to pass at the ballot box Sunday. If the "Rip-off Initiative" succeeds, shareholders will be given the r...</description>
      <pubDate>Sat, 02 Mar 2013 12:21:27 GMT</pubDate>
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      <dc:date>2013-03-02T12:21:27Z</dc:date>
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      <title>UK regulator fines UBS over investment funds</title>
      <link>http://www.mail.com/in-en/business/economy/1886058-uk-regulator-fines-ubs-investment-funds.html</link>
      <description>LONDON (AP) — Britain's financial regulator fined Swiss bank UBS 9.45 million pounds ($14.8 million) Tuesday for exposing customers to unacceptable risk in the selling of an investment fund and for failing to deal properly with complaints that followed. 
                   The Financial Services Authority says UBS AG placed some 2,000 customers' money in a fund that the bank...</description>
      <pubDate>Tue, 12 Feb 2013 15:58:00 GMT</pubDate>
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      <dc:date>2013-02-12T15:58:00Z</dc:date>
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      <title>Credit Suisse returns to profit in Q4</title>
      <link>http://www.mail.com/in-en/business/economy/1874240-credit-suisse-returns-to-profit-q4.html</link>
      <description>GENEVA (AP) — Credit Suisse, Switzerland's second-biggest bank, returned to profit in the fourth quarter of 2012 but said it was planning to cut costs more than previously planned. 
                   The Zurich-based bank said Thursday it made a profit of 397 million Swiss francs ($435 million) during the period, in contrast to last year's loss of 637 million francs. CEO Br...</description>
      <pubDate>Thu, 07 Feb 2013 07:54:00 GMT</pubDate>
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      <dc:date>2013-02-07T07:54:00Z</dc:date>
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      <title>Lawsuits contribute to big UBS loss in Q4</title>
      <link>http://www.mail.com/in-en/business/economy/1869056-lawsuits-contribute-to-big-ubs-loss-q4.html</link>
      <description>GENEVA (AP) — Switzerland's biggest bank, UBS AG, posted Tuesday a 1.9 billion francs ($2.1 billion) loss for the fourth quarter in the wake of a series of lawsuits, scandals and a wave of restructuring. 
                   The bank, based in Zurich, attributed the loss mainly to "net charges for provisions for litigation, regulatory and similar matters as well as net restru...</description>
      <pubDate>Tue, 05 Feb 2013 16:20:00 GMT</pubDate>
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      <dc:date>2013-02-05T16:20:00Z</dc:date>
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      <title>Authorities: NY judge opens door to Swiss records</title>
      <link>http://www.mail.com/in-en/business/markets/1852362-authorities-ny-judge-opens-door-to-swiss-records.html</link>
      <description>NEW YORK (AP) — A federal judge on Monday authorized the Internal Revenue Service to require UBS AG to produce records about U.S. taxpayers who may hold bank accounts in Switzerland to evade millions of dollars in federal income taxes. 
                   U.S. District Judge William H. Pauley III signed an order authorizing the federal tax collection agency to issue a summon...</description>
      <pubDate>Tue, 29 Jan 2013 01:03:00 GMT</pubDate>
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      <dc:date>2013-01-29T01:03:00Z</dc:date>
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      <title>Davos optimism downplays corruption, other risks</title>
      <link>http://www.mail.com/in-en/business/economy/1849414-davos-optimism-downplays-corruption-risks.html</link>
      <description>DAVOS, Switzerland (AP) — The political, business and academic elites at the World Economic Forum expressed renewed optimism at the global economy, with more liquidity, more unity in Europe and the fiscal cliff scaled by U.S. politicians. But other risks — especially that of not doing enough to combat persistent corruption — are emerging as new threats to a fragile global ec...</description>
      <pubDate>Sun, 27 Jan 2013 16:10:00 GMT</pubDate>
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      <dc:date>2013-01-27T16:10:00Z</dc:date>
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      <title>Swiss bank to pay $57.8M in US tax evasion plea</title>
      <link>http://www.mail.com/in-en/business/markets/1797958-swiss-bank-to-pay-578m-us-tax-evasion-plea.html</link>
      <description>NEW YORK (AP) — Switzerland's oldest bank became the first foreign bank to plead guilty in the United States to tax charges when it admitted Thursday that it helped American clients hide more than $1.2 billion from the Internal Revenue Service. 
                   Wegelin &amp; Co., founded in 1741, entered the plea in federal court in Manhattan, agreeing to pay $20 million in r...</description>
      <pubDate>Thu, 03 Jan 2013 20:08:00 GMT</pubDate>
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      <dc:date>2013-01-03T20:08:00Z</dc:date>
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      <title>A look at bank scandals since the financial crisis</title>
      <link>http://www.mail.com/in-en/business/economy/1776060-bank-scandals-financial-crisis.html</link>
      <description>Swiss bank UBS AG agreed Wednesday to pay some $1.5 billion in fines to international regulators following a probe into the rigging of a key global interest rate. 
                   The financial industry's image was already badly tarnished by banks' role in the U.S. mortgage meltdown that sparked the global financial crisis and recession. Some have been in the headlines fo...</description>
      <pubDate>Wed, 19 Dec 2012 11:05:00 GMT</pubDate>
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      <dc:date>2012-12-19T11:05:00Z</dc:date>
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      <title>UK regulator fines UBS in rogue trader case</title>
      <link>http://www.mail.com/in-en/news/world/1723328-uk-regulator-fines-ubs-rogue-trader-case.html</link>
      <description>LONDON (AP) — Britain's financial regulator has fined UBS AG for failures which allowed a rogue trader to lose $2.3 billion in the country's biggest-ever fraud case at a bank. 
                   The Financial Services Authority said Monday that it was fining the Swiss-based bank 29.7 million pounds ($47.6 million) after finding serious weaknesses in procedures, management s...</description>
      <pubDate>Mon, 26 Nov 2012 10:10:00 GMT</pubDate>
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      <dc:date>2012-11-26T10:10:00Z</dc:date>
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