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UBS is an investor favourite

Sergio Ermotti Interview Pic

UBS’s decision three years ago to close debt-trading desks, slash risky assets at its investment bank and concentrate on managing money for the wealthy helped make it a favourite among investors.

BNP Paribas sued over 'wet ink' error

Montblanc Pen

BNP Paribas is being sued by the trustee of a $650m Islamic finance transaction who said the deal was rendered worthless because the bank didn’t get a proper signature from the Saudi businessman behind the deal: Saad Group Chairman Maan al-Sanea.