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UBS: 'Unauthorized' trades cost us $2 B
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UBS fined $1.5bn for Libor rigging  Banking giant UBS has agreed to pay $1.5bn to US, UK and Swiss regulators for attempting to manipulate the Libor inter-bank lending rate UBS unauthorized trade loss now $2.3B
Swiss bank to close after US fine
Jan.3
  Wegelin, Switzerland's oldest bank, is to close permanently after pleading guilty in a New York court to helping Americans evade their taxes


year 2012 Top ^

Dec.18


year 2011 Top ^

Sep.18
  Swiss banking giant lost more than previously thought due to unauthorized trading, it announced Sunday, putting losses at $2.3 billion

Sep.15
  Swiss banking giant UBS discovered that 'unauthorized trading by a trader in its investment bank' has cost it an estimated $2 billion


year 2008 Top ^

Jul.29 Global trade deal falls apart
Map of GENEVA Switzerland
  Geneva: After coming tantalizingly close to a historic trade deal, WTO talks collapsed in a dismaying blow to 7 years of efforts to open up the global economy
 Talks to help liberalise global trade have collapsed after failing to agree on how farm trading rules should be reformed


year 2006 Top ^

Sep.12   UNCTAD: Palestinian economy in danger
  The Palestinian economy is leading to a worsening this year of already high unemployment and poverty levels Jul.24   WTO global trade talks collapse
  Global free trade talks collapsed after 5 years of on-off haggling and resuming them could take years


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