Posted by Reuters: Business News on January 30, 2012
LONDON (Reuters) – Former UBS trader Kweku Adoboli will stand trial in September after pleading not guilty on Monday to charges related to the loss of more than $2 billion on trades the Swiss bank says were unauthorized.
Posted by The Distressed Debt Report on January 16, 2012
Aurora Capital Group hired Steven Smith, former global head of restructuring at UBS Investment Bank,…
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Posted by Reuters: Business News on December 23, 2011
ZURICH (Reuters) – UBS will sacrifice its place in the top ten investment bank rankings as stricter capital rules force it to give up riskier fixed-income business, the Swiss bank’s financial head said.
Posted by Reuters: Business News on November 20, 2011
ZURICH (Reuters) – Swiss bank UBS’s strategy to slash risky assets by almost half and pay its first dividend since the financial crisis has the full backing of Axel Weber, its newly-crowned Chief Executive Sergio Ermotti said in a Swiss newspaper on Sunday.
Posted by Reuters: Business News on November 18, 2011
ZURICH (Reuters) – Shares in Swiss bank UBS rose on Friday as investors welcomed its pledge to start paying dividends again, though its plans to trim its scandal-hit investment bank failed to go as far as some had hoped.
Posted by Reuters: Business News on
(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 November 15, 2011
ZURICH (Reuters) – UBS named Sergio Ermotti as its new chief executive, making permanent the 51-year-old Swiss banker’s appointment as a temporary successor to Oswald Gruebel, who left the Swiss bank in September following a $2 billion rogue trading scandal.
Posted by Reuters: Business News on November 13, 2011
ZURICH (Reuters) – The board of UBS will appoint Sergio Ermotti as permanent chief executive shortly before a keenly-awaited investor day on Thursday, a Swiss newspaper reported on Sunday.
Posted by The PIPEs Report on November 10, 2011
UBS Securities agreed to settle charges that its recordkeeping for efforts to locate stocks availabl…
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Posted by Reuters: Business News on
ZURICH (Reuters) – UBS is shutting its asset-backed securities business in the United States, Swiss newspaper HandelsZeitung reported on Thursday without citing sources.
