ubs ag

UBS AG, Switzerland's biggest bank, said fourth-quarter profit dropped 76 percent after its investment bank reported a second consecutive quarterly loss.

UPGRADES Bernstein upgrades Boston Scientific (NYSE: BSX) from Market Perform to Outperform, its price target raised $6.50 to $7.

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Scandal-hit Swiss bank UBS AG reported Tuesday a 39 percent drop in third-quarter profit, slightly less than feared, due to a rogue trading loss in September that has thrown Switzerland's largest bank further into turmoil.

Kweku Adoboli, the UBS AG trader arrested in London yesterday, admitted to causing losses while the bank’s risk-control officers were examining his trades, a person with knowledge of the matter said.

Swiss bank UBS AG on Tuesday posted its first annual profit since the global financial crisis erupted, despite softer-than-expected fourth quarter earnings, and said it had managed to stanch the rich customers' withdrawals that had plagued it since a high profile tax evasion scandal.

Sept. 16 -- Brent Thill, analyst at UBS AG, talks about first-quarter earnings at Oracle Corp.

June 24 -- George Magnus, a senior advisor at UBS AG, talks about the outlook for this weekend's G-20 meeting in Toronto and the European sovereign debt crisis.

A tax evader was sentenced Friday to 10 months in federal prison after claiming his Jewish parents' experience fleeing the Nazi Holocaust drove him to compulsively hide more than $10 million in secret accounts at Swiss bank UBS AG and other offshore tax havens.

Swiss bank UBS AG posted a fourth-quarter profit of 1.205 billion Swiss francs ($1.12 billion) Tuesday, beating analysts' expectations partly thanks to a tax credit, but said rich clients' withdrawals had continued.

Swiss bank UBS AG will inform American clients whether their bank accounts are among the 4,450 that will be revealed to the U.S.

Justice Department in a tax evasion investigation.