World news about “UBS” published by euronews.
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 benchmark lending… 17/12/2012
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 largest… 26/11/2012
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 employers 1.8… 20/11/2012
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 “necessary… 30/10/2012
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 largest bank… 29/10/2012
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 the… 02/05/2012
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 hit by the… 07/02/2012
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 its… 30/11/2011
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 German… 25/10/2011
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. The… 20/10/2011
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 Barclays… 14/10/2011
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 the… 26/09/2011
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 back plans… 20/09/2011
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 private… 16/09/2011
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 euros. … 23/08/2011
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 at the… 28/07/2011
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 insider… 14/07/2011
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 dramatically… 01/07/2011
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 – 8.6… 26/04/2011
Swiss bank UBS fined for libor rate fraudSwiss 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 euros, will… 19/12/2012
‘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 destroyed… 14/09/2012
Facebook fiasco hits UBS profitUBS 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 said… 31/07/2012
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 been… 15/09/2011
Man arrested over 1.5bn UBS lossPolice in London have arrested a 31-year-old man after the Swiss bank UBS announced they had lost 1.5 billion euros through unauthorised dealing. He has… 15/09/2011
UBS hit by weaker tradingSwitzerland’s biggest bank UBS has announced a surprise quarterly loss in its investment banking division due to a fall in trading. That overshadowed the… 26/10/2010
Swiss to tighten up on bank capitalA Swiss government commission has said the country’s biggest banks – UBS and Credit Suisse – should keep reserves well in excess of new international… 04/10/2010
UBS tax evasion saga nears endSwiss authorities say they have handed over details of more than 2,000 wealthy American clients of Swiss bank UBS suspected of tax evasion. Files on a total… 26/08/2010
Swiss approve UBS-US tax dealBoth houses of the Swiss parliament have finally approved a tax treaty with the United States. The change in the law means that Switzerland’s biggest bank… 17/06/2010
Swiss inch towards UBS-US tax dealSwiss lawmakers continue to slowly inch towards approving a tax deal between UBS and the US authorities. The parliament’s lower house has now backed it but… 15/06/2010
Withdrawals slowdown boosts UBS profitSwiss banking giant UBS reported its best results in almost three years on Tuesday. First-quarter net profit of just over 1.5 billion euros was above… 04/05/2010
Swiss bank posts big quarterly profitSwitzerland’s biggest bank, UBS AG, reported its highest quarterly earnings in almost three years. First quarter pretax profit passed 1.7 billion euros… 12/04/2010
UBS off the hook for Madoff billionsInvestors defrauded by US swindler Bernard Madoff will not be able to pursue Swiss bank UBS for compensation. They had put their money into the LuxAlpha… 04/03/2010
UBS posts profitSwiss bank UBS has posted a quarterly net profit for the first time since mid 2008. But at the same time it said that clients continue to withdrew their… 09/02/2010
Swiss regulator investigates UBSThe Swiss stock exchange regulator is looking into possible breaches of market rules by bank UBS. At issue is information the bank published about its… 18/09/2009
UBS tax deal with US expectedA deal to settle the US tax case against the Swiss bank UBS could be sewn up today. The agreement should help UBS to restore its image and will open the… 19/08/2009
US rich list feels the chill as UBS surrendersThe US and the Swiss bank UBS have agreed to settle their long-running dispute over the names of wealthy Americans with accounts at the bank. When… 12/08/2009
Swiss Cabinet meets to discuss UBSSwitzerland’s seven member Cabinet has been meeting in special session to review the case of the global Swiss bank UBS, accused by America of enabling US tax… 10/08/2009
Tuesday 4th AugustEuropean shares finished slightly lower after hitting a nine-month high the previous day. Investors paused to assess the state of the economy and analysts… 04/08/2009
BNP and UBS optimisticIn another indication the worst of the financial crisis might be over, BNP Paribas announced higher second-quarter profit and expressed some optimism over… 04/08/2009
Tense times for rich Americans with Swiss accountsThe Swiss bank UBS is to reveal the names of 5,000 of its wealthiest American account holders to the US government. Washington had initially requested 52,000… 02/08/2009
UBS tax evasion case to be settledSwiss bank UBS has reached an agreement in principle with Washington settling their dispute over thousands of wealthy Americans suspected of using … 31/07/2009
