"UBS hires rival's chief executive" by Associated Press | February 27, 2009
BERN, Switzerland - .... UBS, one of the pillars of Switzerland's crucial banking industry, has had massive losses related to the US subprime mortgage crisis. Earlier this month, UBS reported a loss of $18.41 billion for 2008, the biggest loss in Swiss corporate history. The bank also faces legal pressures in the United States over allegations it has helped wealthy Americans evade taxes."
Notice how the pro-richer paper not really interested in that last bit?
They are just ALLEGATIONS now, huh, even after they ADMITTED IT in SETTLEMENT??
Damn Globe pulled the same shit with Madoff -- using alleged when he confessed.
