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UBS

Business

Five global banks fined €5-bln over rate rigging

Five of the world’s biggest banks will pay nearly five billion euros to US and British authorities for manipulating foreign exchange rates. Four of

Five of the world’s biggest banks will pay nearly five billion euros to US and British authorities for manipulating foreign exchange rates. Four of

Business

UBS reveals new potential tax fraud scandal

Swiss bank UBS has revealed that the authorities in the United States are investigating securities that it sold to wealthy clients which may violate

Swiss bank UBS has revealed that the authorities in the United States are investigating securities that it sold to wealthy clients which may violate

Business

Deutsche Bank and UBS take legal costs hits

Germany’s Deutsche Bank and Switzerland’s UBS are still suffering from the cost of cleaning up the banking industry. Third-quarter results from

Germany’s Deutsche Bank and Switzerland’s UBS are still suffering from the cost of cleaning up the banking industry. Third-quarter results from

Business

UBS fined in tax evasion probe

The French unit of Switzerland’s UBS has been fined 10 million euros by the French banking regulator ACP. The penalty is for UBS having delayed

The French unit of Switzerland’s UBS has been fined 10 million euros by the French banking regulator ACP. The penalty is for UBS having delayed

News

Swiss bank UBS fined for libor rate fraud

Swiss bank UBS has agreed to pay a fine of 1.5 billion US dollars after admitting libor fraud. The penalty, equivalent to more than 1.1 billion

Swiss bank UBS has agreed to pay a fine of 1.5 billion US dollars after admitting libor fraud. The penalty, equivalent to more than 1.1 billion

Business

Libor scandal takes a new turn this week

Despite the lack of an official statement, it is considered almost certain that UBS will settle an ongoing investigation for manipulation of

Despite the lack of an official statement, it is considered almost certain that UBS will settle an ongoing investigation for manipulation of

Business

FSA fines UBS millions over trader Adoboli

British Financial Services Authority has been fined UBS 36.7 million euros for failings related to trader Kweku Adoboli losing 1.7 billion euros, the

British Financial Services Authority has been fined UBS 36.7 million euros for failings related to trader Kweku Adoboli losing 1.7 billion euros, the

Business

Ex-UBS trader swaps sales for cells

A former trader at the bank UBS in London has been jailed for seven years for the biggest fraud in British history. Kweku Adeboli lost his

A former trader at the bank UBS in London has been jailed for seven years for the biggest fraud in British history. Kweku Adeboli lost his

Business

UBS slashes jobs, quits fixed income business

UBS is firing ten thousand people. Their jobs will go as the boss of the Zurich-based Swiss bank, Sergio Ermotti said it was a hard decision but

UBS is firing ten thousand people. Their jobs will go as the boss of the Zurich-based Swiss bank, Sergio Ermotti said it was a hard decision but

Business

UBS blazes lone banking trail

UBS has bucked the trend downwards on the European markets, bolstered by rumours it is about to massively restructure. Shares in Switzerland’s

UBS has bucked the trend downwards on the European markets, bolstered by rumours it is about to massively restructure. Shares in Switzerland’s

Business

'Rogue trader risked UBS bank collapse'

The prosecutor in the trial of UBS trader Kweku Adoboli has accused him of “naked gambling” with reckless, unauthorised investments that could have

The prosecutor in the trial of UBS trader Kweku Adoboli has accused him of “naked gambling” with reckless, unauthorised investments that could have

News

Facebook fiasco hits UBS profit

UBS has suffered a surprise slump in profit. The Swiss bank’s second-quarter net profit more than halved to the equivalent of 354 million euros

UBS has suffered a surprise slump in profit. The Swiss bank’s second-quarter net profit more than halved to the equivalent of 354 million euros

Business

UBS gets wealthy client boost

Refocusing on wealth management seems to have had a positive effect on UBS, the biggest Swiss bank. In the first quarter its core division regained

Refocusing on wealth management seems to have had a positive effect on UBS, the biggest Swiss bank. In the first quarter its core division regained

Business

Gloomy outlook from UBS

Swiss bank UBS says a restructuring of its investment banking business had failed to give it the improvements hoped for. That division have been

Swiss bank UBS says a restructuring of its investment banking business had failed to give it the improvements hoped for. That division have been

Business

S&P cuts US and Europeans bank ratings 

Standard and Poors has cut its crediting rating for 15 big banks, mainly in Europe and the United States. The downgrade is a result of an overhaul of

Standard and Poors has cut its crediting rating for 15 big banks, mainly in Europe and the United States. The downgrade is a result of an overhaul of

Business

Warnings from two of Europe's top banks

Switzerland’s UBS has said tough trading conditions are set to continue while Deutsche Bank is flagging up more possible job cuts. The biggest

Switzerland’s UBS has said tough trading conditions are set to continue while Deutsche Bank is flagging up more possible job cuts. The biggest

Business

Alleged UBS rogue trader in court

UBS trader Kweku Adoboli, who is accused of unauthorised trading which the Swiss bank says cost it 1.7 billion euros has appeared in court again

UBS trader Kweku Adoboli, who is accused of unauthorised trading which the Swiss bank says cost it 1.7 billion euros has appeared in court again

Business

UBS downgraded by Fitch, other banks on review

Fitch has downgraded Swiss bank UBS and said it may do the same for several large and relatively highly rated European and US lenders including

Fitch has downgraded Swiss bank UBS and said it may do the same for several large and relatively highly rated European and US lenders including

Business

Investors welcome new UBS CEO

UBS investors have welcomed the Swiss bank’s choice of caretaker chief executive, Sergio Ermotti. Its shares rose after Oswald Gruebel quit to take

UBS investors have welcomed the Swiss bank’s choice of caretaker chief executive, Sergio Ermotti. Its shares rose after Oswald Gruebel quit to take

Business

UBS boss wants investment bank overhaul

In the aftermath of a rogue trader allegedly losing UBS 1.7 billion euros, the Swiss bank’s Chief Executive, Oswald Gruebel, will ask its board to

In the aftermath of a rogue trader allegedly losing UBS 1.7 billion euros, the Swiss bank’s Chief Executive, Oswald Gruebel, will ask its board to

Business

UBS investment bank faces uncertain future

Has the final nail been driven into the coffin of the investment arm of Swiss Bank UBS following its 1.4 billion euro rogue trading loss? How will

Has the final nail been driven into the coffin of the investment arm of Swiss Bank UBS following its 1.4 billion euro rogue trading loss? How will

News

UBS latest bank to be 'fleeced by rogue trader'

The London branch of Swiss bank UBS is reeling following the discovery of an alleged rogue trader that has cost it 1.44 billion euros. Photos have

The London branch of Swiss bank UBS is reeling following the discovery of an alleged rogue trader that has cost it 1.44 billion euros. Photos have

News

Man arrested over 1.5bn UBS loss

Police in London have arrested a 31-year-old man after the Swiss bank UBS announced they had lost 1.5 billion euros through unauthorised

Police in London have arrested a 31-year-old man after the Swiss bank UBS announced they had lost 1.5 billion euros through unauthorised

Business

UBS slashes more jobs in cost-cutting effort

Preparing for tough times ahead UBS has said its cutting 3,500 jobs. Switzerland’s biggest bank wants to reduce annual spending by 1.75 billion

Preparing for tough times ahead UBS has said its cutting 3,500 jobs. Switzerland’s biggest bank wants to reduce annual spending by 1.75 billion

Business

Credit Suisse latest to cut jobs

Swiss bank Credit Suisse is reducing its workforce by around four percent – that is 2,000 people. Switzerland’s second-biggest bank announced that

Swiss bank Credit Suisse is reducing its workforce by around four percent – that is 2,000 people. Switzerland’s second-biggest bank announced that

Business

UBS and Credit Suisse to cut jobs - reports

UBS is reportedly set to cut around 5,000 jobs to save more than 860 million euros. A Swiss daily newspaper, the Tages-Anzeiger citing an unnamed

UBS is reportedly set to cut around 5,000 jobs to save more than 860 million euros. A Swiss daily newspaper, the Tages-Anzeiger citing an unnamed

Business

UBS names Axel Weber as next chairman

In a surprise move Swiss bank UBS is to hire former Bundesbank president Axel Weber as its next chairman, taking over in two years time. Weber

In a surprise move Swiss bank UBS is to hire former Bundesbank president Axel Weber as its next chairman, taking over in two years time. Weber

Business

UBS beats forecasts as client trust returns

The latest results from Swiss bank UBS seem to show a return of client trust. Money poured into its core wealth management arm in the first quarter –

The latest results from Swiss bank UBS seem to show a return of client trust. Money poured into its core wealth management arm in the first quarter –