TIMELINE-UBS expects to keep haemorrhaging client cash

April 14 (Reuters) - UBS (UBSN.VX) (UBS.N) expects to keep bleeding client money despite lower first-quarter withdrawals, Chief Executive Oswald Gruebel told investors at the bank's annual general meeting. [ID:nLDE63D0E6]

Following is a summary of key events in the last 14 months:

2009

Feb. 10 -- UBS posts a 2008 loss of 21.3 billion Swiss francs ($20.3 billion), the biggest annual loss for a Swiss company. Cuts 2,000 jobs.

Feb. 18 -- Agrees to pay a $780 million U.S. fine. Swiss regulator FINMA orders UBS to identify certain U.S. clients to settle criminal fraud charges that it helped rich Americans dodge 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. 26 -- UBS appoints Oswald Gruebel, who masterminded a turnaround at rival Credit Suisse (CSGN.VX), as CEO, replacing Marcel Rohner.

March 4 -- UBS Chairman Peter Kurer steps down, replaced by Kaspar Villiger, a former Swiss finance minister.

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.

July 10 -- Gruebel sends a memorandum to UBS' top executives saying the bank could not comply with the U.S. request to disclose the identity of the 52,000 account holders.

Aug. 19 -- Switzerland says it will hand over details of about 4,450 bank accounts to the U.S. authorities as part of a deal to settle a civil litigation over the UBS tax case.

Aug. 20 -- Switzerland sells its 9 percent stake in UBS for 5.5 billion francs, making a solid profit from the previous year's rescue of the bank.

Nov. 3 -- UBS announces its fourth consecutive quarterly loss and reports client outflows of 36.6 billion francs.

2010

Jan. 8 -- Bradley Birkenfeld, a former UBS banker, starts a 40-month prison term in Pennsylvania, attacking the government for the punishment in light of what he called his cooperation in helping expose thousands of U.S. tax cheats.

Jan. 8 -- A Swiss court rules that regulator FINMA broke bank secrecy laws when it ordered UBS to hand over the files of nearly 300 clients to the U.S. authorities.

Jan. 22 -- A UBS client wins a Swiss court appeal to prevent her account data from being given to the U.S. authorities, casting doubt on Switzerland's ability to deliver details of 4,450 UBS client accounts to the United States.

Jan. 27 -- Switzerland says it will talk to Washington in a bid to resolve the legal impasse.

Jan. 31 -- Gruebel says he won't take a bonus but employees will have to be paid bonuses to prevent the best from leaving.

Feb. 7 -- The United States is unwilling to re-enter talks to alter the deal struck with Switzerland to end a tax case against UBS, the U.S. ambassador in Berne says.

Feb. 9 -- UBS posts its first quarterly net profit since Gruebel took the helm, making 1.2 billion francs.

Feb. 24 -- Switzerland will ask parliament to turn into binding law the deal with Washington that got UBS off the hook in the tax evasion case, plugging a legal hole that is stopping it from honouring the agreement.

April 12 -- UBS unveils ahead of annual meeting its highest pretax profit since the credit crisis began, saying profit for the first three months of 2010 is "at least" 2.5 billion francs.

April 14 -- In its annual meeting, Gruebel says UBS will continue to bleed client money despite lower first-quarter withdrawals. He said stopping clients pulling cash from its key wealth management division was a priority. (Reporting by Lisa Jucca and Albert Schmieder with David Cutler and Carl Bagh from the London Editorial Reference Unit; Editing by Laura MacInnis and Erica Billingham)