Northallerton-based mountaineer Alan Hinkes reached the top of the North Col of the world's highest peak, as part of the Iceland Everest Expedition 2011 last week. The Iceland store founder, Malcolm Walker, and his son Richard has joined him on this mission, who wanted to climb the 23,000ft North Col in order to expand funds for Alzheimer's Research along with an expert chef to cook food.

The reports claimed that the European stocks jumped on the fourth day as they got an earning, which is better than the expectations of the market analysts. The earnings were better from UBS U. S. index figures were reported to have got a gain, whereas the Asian shares slid downwards.

There has been a mark of approval given to the grant of new City Offices that shall serve the purpose of headquarters of the UBS.

The planning committee at the City of London Corporation was of the view that the 6 and 4 Broadgate may be knocked down and there can be the redevelopment of the same. This shall allow the new headquarters to be positioned at 5 Broadgate.

Federal prosecutors have arrested one senior private banker working at Credit Suisse in America, in the month of January. The arrest was linked with a federal probe into offshore accounts. The authorities came to know of his identity from a prosecuted UBS banker, as stated by court papers that got unsealed on Tuesday.

There is a probability that UBS AG, Switzerland’s biggest bank will post its third quarter’s profit tomorrow, along with the decreased wealth management redemptions.

UBS, the Swiss banking giant which was recently more than plague with problems, seems will soon be coming back to profits. At least that is what the bank itself is expecting. In a recent statement, UBS shared it is now expecting a first quarter profit of a minimum of 2.5 Billion Swiss Francs, or USD 2.36 Billion.

Close on the heels of the first quarterly net profit in five quarters posted by the Zurich, Switzerland-based UBS AG, Andreas Kern, a spokesman for the bank has informed that the bank will pay out 34 percent more in bonuses for
2009.

U.S. tax authorities might be able to access records of their undeclared income in Switzerland following, says a formal warning by UBS to its American clients. 

U. S. Justice Department said Friday that a California man would plead guilty he tried to evade federal income taxes via UBS AG, Swiss bank that conceal the identity of its account-holders.

The U. S. and Swiss negotiators require more time to finalize a settlement of the U. S. government's lawsuit against UBS AG in order to get names of about 52,000 suspected American tax evaders.

U. S. District Judge Alan Gold postponed a trial until August 17. The trial, which has already been postponed for three times, will take place if a final agreement is not reached.