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UBS trader charged with fraud  London: Kweku Adoboli, the UBS trader alleged to have lost UBS $2bn (1.3bn) in unauthorised trading, has been charged with fraud UBS: 'Unauthorized' trades cost us $2 B
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UBS boss quits over trader's loss  The chief executive of Swiss bank UBS has resigned over an alleged $2.3bn rogue-trading loss UBS unauthorized trade loss now $2.3B
  Switzerland 'rejects basic income', poll projections suggest  Projections from a referendum in Switzerland suggest voters have rejected a plan to introduce a guaranteed basic income for all   Central banks warned of 'false sense of security'  The Bank for International Settlements has warned that ultra-low interest rates have lulled governments and markets 'into a false sense of security' Credit Suisse helped 'tax cheats'  The Swiss banking giant has pleaded guilty to helping some US clients avoid paying taxes to the US government and agreed to pay a $2.6bn fine Credit Suisse 'aided' US tax evaders  Credit Suisse 'helped its US customers conceal their Swiss accounts' and avoid billions of dollars in American taxes, a report has alleged Central banks told to halt support   The Bank for International Settlements (BIS) says banks have done their bit to help economic recovery and governments must do more Swiss bank to close after US fine  Wegelin, Switzerland's oldest bank, is to close permanently after pleading guilty in a New York court to helping Americans evade their taxes 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 plans to cut up to 10,000 jobs  Switzerland's biggest bank will unveil a split of its struggling investment bank next week in a move that will prompt the loss of up to 10,000...   IMF issues austerity cuts warning Map of Davos Switzerland


year 2016 Top ^

Jun.5


year 2014 Top ^

Jun.29
May.19
Feb.25


year 2013 Top ^

Jun.23
Jan.3


year 2012 Top ^

Dec.18
Oct.27
Jan.28
  Inappropriate spending cuts could 'strangle' growth prospects, the head of the IMF has warned


year 2011 Top ^

Sep.24
Sep.18
  Swiss banking giant lost more than previously thought due to unauthorized trading, it announced Sunday, putting losses at $2.3 billion

Sep.16
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 2010 Top ^

Dec.6   Swiss bank freezes Wikileaks cash
  The Swiss post office's bank, PostFinance, has frozen the accounts of Wikileaks founder Julian Assange
Sep.12 Central bankers agree new rules   Central bank governors and senior regulators have agreed new rules designed to prevent a repeat of the recent financial crisis

year 2009 Top ^

Dec.16   Credit Suisse to pay $536m fine over Iran
  Banking group has agreed to pay a $536m fine for violating US sanctions against Iran. Credit Suisse systematically hid the identity of its clients Mar.13 Switzerland eases banking secrecy
  The world's largest offshore financial centre has agreed to accept concessions on bank secrecy


year 2008 Top ^

Apr.1 UBS doubles sub-prime writedowns  Swiss financial giant has reported that its writedowns as a result of the sub-prime crisis have more than doubled to about $37bn

year 2005 Top ^

Nov.9   $1bn sought in world bird flu fight
  The World Bank: up to $1 billion would be needed over the next 3 years to tackle the spread of the deadly virus

year 2001 Top ^

Oct.22 State saves Swissair  Government is to pay the lion's share of a $2.65bn rescue package


Bad Economic News Main Event: Switzerland 'r...
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2016-06-05 Switzerland 'rejects basic income', poll projections suggest Switzerland
2. 2014-06-29 Central banks warned of 'false sense of security' Switzerland
D. 2014-05-19 Credit Suisse helped 'tax cheats' Switzerland
E. 2014-02-25 Credit Suisse 'aided' US tax evaders Switzerland
F. 2013-06-23 Central banks told to halt support Basel, Switzerland
6. 2013-01-03 Swiss bank to close after US fine Switzerland
7. 2012-12-18 UBS fined $1.5bn for Libor rigging Switzerland
8. 2012-10-27 UBS plans to cut up to 10,000 jobs Switzerland


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