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The troubling timeline.

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Fonction NEWS FEATURE - Chronology - Calendar

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May 3, 2007: UBS surprises investors by closing its Dillon Read hedge fund unit.

October 30, 2007: USS reports a third-quarter pre-tax less of 726 million Swiss francs, its first quarterly loss in nine years.

February 14, 2008: UBS posts a 2007 full-year loss of 4.38 billion Swiss francs. At the February 27 Extraordinary General Meeting, shareholders back an $11.9 billion capital injection from the Singapore Investment Corporation and an unnamed Middle East investor.

April 1, 2008: UBS announces approximately $19 billion in write-downs (doubling the $18 billion already written down in 2007), effectively dumps Board Chairman Marcel Ospel in favour of UBS' General Counsel Peter Kurer, and seeks additional emergency capital.

May 6, 2008: UBS slashes 5,500 jobs and sells billions of dollars of ailing assets.

October 16, 2008: UBS announces it will receive 6 billion Swiss francs from the Swiss government in exchange for a 9.3 per cent stake; it also announces it will, acting with the Swiss National Bank, unload $60 billion in toxic U.S. assets to a newly created fund.

November 12, 2008: Raoul Well, chairman and CEO of UBS' global wealth management and business banking, is indicted by a U.S. federal grand jury on charges of conspiring to help wealthy Americans hide $20 billion in assets from U.S. tax authorities in Swiss bank accounts.

February 10, 2009: UBS posts a 19.7 billion Swiss franc full-year loss, the biggest-ever for a Swiss company.

February 18, 2009: UBS agrees to pay $780 million to the United States, and identify certain U.S. clients following criminal fraud charges that it assisted rich Americans in tax evasion.

February...

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