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A court-appointed trustee is suing JPMorgan Chase for its alleged involvement in Bernard Madoff's multibillion-dollar Ponzi scheme. The investment bank was Madoff's primary bank for 20 years. JPMorgan said it didn't know about -- much less assist -- Madoff's fraud.

The trustee representing investors cheated by Bernie Madoff sued Swiss bank UBS (UBS) for $2 billion. The suit alleges that UBS collaborated with Madoff's Ponzi scheme, The Associated Press reported. The suit alleges 23 counts of financial fraud and misconduct by UBS and related entities and...

The IRS has stopped its investigation into tax evaders holding money in UBS accounts after reaching a settlement with the bank and the Swiss government.

Starbucks has accelerated fiscal fourth-quarter same-store sales growth thanks to increasing demand for breakfast snacks and higher-priced coffee. That's the conclusion of a UBS analyst, who raised his stock price-target on the company's stock today.

UBS and Credit Suisse Group will have to almost double their capital holdings because Switzerland has set out to further tighten the reins on its megabanks, requiring them to hold capital well in excess of the new Basel III rules.

Goldman Sachs (GS) poached a top banker from the London office of Swiss bank UBS (UBS), The Financial Times reported. Philip Shelley, co-head of corporate broking at UBS, will make the move to Goldman later this year, The Financial Times reported without naming its sources. Sponsored...

Shares of computer makers Intel Corp. and Hewlett-Packard Co. were downgraded by UBS amid concerns that weak demand will force the companies to dramatically cut prices.

UBS (UBS) shares jumped over 7% in early morning trading after the Swiss bank said it swung to a second-quarter net profit of 2.01 billion Swiss francs ($1.91 billion). Strong equity and forex trading, as well as a continued slowdown in withdrawals in its wealth management arm contributed to the results and showed the bank continues to recover under the helm of CEO Oswald Gruebel.

German prosecutors raided all 13 Credit Suisse branches in the country on Wednesday as part of a probe into tax fraud. Earlier this year, German authorities acquired information on some 1,500 Credit Suisse customers who may have been using the Swiss accounts to avoid paying taxes.

Now that they are nearly done squeezing Swiss bank UBS for information about its wealthy tax-dodging clients, the IRS and the Justice Department are moving on to new tax fraud targets: Clients of London-based bank HSBC Holdings, mostly those with ties to India and Singapore.