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Director Roman Polanski was arrested by Swiss police as he flew in for the Zurich Film Festival and faces possible extradition to the United States for having sex in 1977 with a 13-year-old girl, authorities said Sunday.
Director Roman Polanski was arrested by Swiss police as he flew in for the Zurich Film Festival and faces possible extradition to the United States for having sex in 1977 with a 13-year-old girl, authorities said Sunday.
Hard-hit Swiss bank UBS AG, beset by a U.S. tax evasion probe, posted a second quarter loss of 1.4 billion Swiss francs ($1.3 billion) Tuesday in an improvement over the first three months of the year.
Troubled Swiss banking giant UBS AG said Wednesday that it will slash its global work force of 76,200 people by more than 10 percent as part of across-the-board cost cutting to return to profit after racking up billion dollar losses for yet another quarter.
Swiss Reinsurance Co., which has warned investors it expects to lose 1 billion francs ($864 million) for 2008, said Thursday its chief executive Jacques Aigrain is stepping down.
What's love got to do with it when taxes are at stake?
UBS AG, one of the hardest-hit banks in the subprime mortgage crisis, announced Tuesday that it is reorganizing into three distinct businesses after reporting a large quarterly loss and taking another $5.1 billion hit in writedowns.
Credit Suisse Group's profit skidded 62 percent from a year ago, but was a major improvement from the loss it posted in the first three months of this year.
Swiss bank UBS, hard hit by the U.S. subprime crisis, reported a first-quarter loss of $10.97 billion and said Tuesday it will slash almost 7 percent of its work force.
Outgoing UBS AG chairman Marcel Ospel said Wednesday that the worst is over for subprime problems at Switzerland's largest bank and "we soon will be sailing into calmer waters.
A frantic search for four stolen Impressionist paintings led to a most unlikely place: the parking lot of a mental hospital just a few hundred yards from the scene of the crime.
Two Impressionist paintings stolen in one of Europe's largest art thefts have been recovered in an abandoned car, police said Tuesday.
UBS AG on Thursday posted a fourth-quarter net loss of $11.28 billion, and a loss for the entire year, besieged as other banks were by investments in U.S. subprime mortgages.
Three gunmen in ski masks and dark clothes burst into a museum just before closing time. After a quick run through the building, they hustled out the door and sped off with paintings by Cezanne, Degas, van Gogh and Monet valued at $163.2 million.
Swiss banking giant UBS AG said Monday it will write off a further $10 billion on losses in the U.S. subprime lending market and will raise capital by selling substantial stakes to Singapore and an unnamed investor in the Middle East.
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