Posted by Reuters: Business News on November 18, 2011
(Reuters) – Swiss bank UBS will slash risky assets by almost half and shift focus back to wealthy people’s money as it pledged its first dividend since the financial crisis.
Posted by Reuters: Business News on October 5, 2011
LONDON/ZURICH (Reuters) -The two heads of the UBS division that caused a $2.3 billion loss stepped down on Wednesday as an internal investigation into the trading scandal showed risk systems had detected unauthorized activity but failed to respond.
Posted by Reuters: Business News on September 25, 2011
ZURICH (Reuters) – Reorganising the investment bank at UBS will take two to three years to complete, its chairman said on Sunday, a day after Chief Executive Oswald Gruebel quit over the $2.3 billion rogue trading scandal.
Posted by Reuters: Business News on September 23, 2011
SINGAPORE/ZURICH (Reuters) – The board of UBS extended on Friday its meeting amid the glamour of Singapore’s Grand Prix event to decide the future of its scandal-hit investment bank and CEO Oswald Gruebel, on whose watch it lost $2.3 billion in alleged rogue trading.
Posted by Reuters: Business News on September 22, 2011
SINGAPORE/LONDON (Reuters) – UBS CEO Oswald Gruebel will on Friday attempt to convince his board the Swiss bank has a future in investment banking and can bounce back from a $2.3 billion crisis around rogue trading.
Posted by Reuters: Business News on
LONDON/SINGAPORE (Reuters) – While UBS CEO Oswald Gruebel battled to keep the Swiss bank’s investment arm and save his job, the trader accused of unauthorized deals that lost the bank $2.3 billion said he was “sorry beyond words.”
Posted by Reuters: Business News on May 26, 2011
ZURICH (Reuters) – UBS is planning to relocate its investment bank outside Switzerland, the Wall Street Journal said, to side-step tough new local bank regulations and better deploy its capital.
Posted by Reuters: Business News on
(Reuters) – Swiss bank UBS is planning to separate its investment bank and incorporate it outside of Switzerland to placate regulators, the Wall Street Journal reported on Thursday.
Posted by Reuters: Business News on July 27, 2010
ZURICH/FRANKFURT (Reuters) – UBS flagged a return to client inflows by year-end as strong equities and currency trading gains helped it outdo Deutsche Bank and other rivals, which were hit hard by the European sovereign debt crisis.
Posted by Reuters: Business News on March 13, 2010
ZURICH (Reuters) – UBS is considering possibly returning to its commodities business this year, some of which it sold during the financial crisis, a Swiss newspaper said on Saturday, citing the co-head of UBS’s investment bank.
