Following is a timeline of recent events at UBS:
April 1, 2008 -- Doubles its writedowns, dumps its chairman, Marcel Ospel, and seeks more emergency capital. It proposes its lawyer, Peter Kurer, as Ospel's successor.
May 6 -- Says it will axe 5,500 jobs and sell billions of dollars of ailing assets to weather the subprime crisis.
June 19 -- A former UBS banker who once smuggled a client's diamonds into the United States in a toothpaste tube pleads guilty to helping a billionaire hide $200 million from U.S. tax authorities, part of a broader tax evasion probe of UBS.
Oct. 16 -- Announces it is to get 6 billion francs from the Swiss government for a 9.3 percent stake and is to unload $60 billion of toxic assets into a new central bank fund.
Nov. 12 -- Raoul Weil, head of UBS AG's wealth management business, is charged with conspiring to help thousands of wealthy Americans hide $20 billion of assets from U.S. tax authorities in Swiss bank accounts.
Feb. 10, 2009 -- Posts a 2008 loss of 19.7 billion francs, the biggest ever for a Swiss company. Cuts 2,000 more jobs.
Feb. 18 - Agrees to pay $780 million and identify certain U.S. clients to settle criminal fraud charges that it assisted rich Americans to evade taxes.
Feb. 19 - U.S. tax authorities say they are still pursuing a civil lawsuit seeking to access details on 52,000 UBS clients.
Feb. 20 -- Warns that it could go out of business if it complies with an order to reveal the names of suspected U.S. tax dodgers and would violate Swiss law in a manner that would expose it to penalties.
Feb. 26 - Appoints Oswald Gruebel, former head of rival Credit Suisse, as chief executive, replacing Michael Rohner.
March 4 - Chairman Peter Kurer steps down, replaced by Kaspar Villiger, a former Swiss finance minister.
March 13 - Switzerland agrees to make concessions on bank secrecy amid a global crackdown on tax evasion.
April 2 -- U.S. authorities arrest and charge an accountant in Florida in the first of what they say could be a series of tax evasion prosecutions of American clients of UBS.
May 5 - UBS confirms a first-quarter net loss of 2 billion francs on yet more writedowns and client withdrawals, and announces staff cuts of 10,000.
July 14 - Christoph Bandli, Swiss Federal Administrative Court president, which has the power to rule on data transfers, says U.S. tax officials can legitimately ask for unnamed client data if they set out a specific category of clients.
July 28 - A U.S. client of UBS pleads guilty to using Swiss bank accounts to hide money from the U.S. taxman and says a Swiss government official received $45,000 to help cover up the fraud. Swiss prosecutors launch an investigation the next day.
July 31 - A U.S. Justice Department attorney says that the United States and UBS AG have reached an agreement in principle to settle their dispute and that a final signed accord could be ready by Aug. 7.
Aug. 2 - UBS will not have to pay a fine as part of the settlement of a tax dispute, two Swiss newspapers report. They also report that data of some 5,000 UBS clients would be released to the U.S. authorities.
Aug. 4 - UBS posts a Q2 net loss of 1.4 billion francs as wealthy clients are scared off by the tax row. However after taking out big charges, UBS made an operating profit of 971 million Swiss francs ($911.7 million), its best in eight quarters.
Aug. 7 - The United States and UBS are set to update a Miami court on progress towards a final deal of the tax dispute.
(Reporting by Sam Cage and Lisa Jucca; Additional writing by David Cutler, Jijo Jacob and Carl Bagh; Editing by David Cowell) ($1=1.065 Swiss Franc) Keywords: UBS/ (RM: jijo.jacob.reuters.com@reuters.net, +91 80 4135 5839, fax +91 80 4135 5001) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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