An ex-UBS trader, banned from the finance industry over allegations he manipulated Libor rates, lost a bid to challenge the Financial Conduct Authority’s sanction despite London judges calling his case a "tragedy."
Headquartered in Zurich and Basel, UBS is a global firm providing financial services to private, corporate and institutional clients.
UBS Group had the credit rating for its main operations raised by Moody’s Investors Service, which said the restructured investment bank and wealth-management business should help the bank weather a market downturn.
The CEO was referring to the tsunami of arbitration claims claiming breach of fiduciary duty, negligence and fraud in connection with several bond funds managed by UBS
The London headquarters for multinational investment bank UBS has been bought for £1bn by a Hong Kong property tycoon.
Goldman Sachs hired Credit Suisse Group AGdealmaker Kevin Adam as it chases $500 million in new revenue from the investment banking business over the next three years.
UBS has secured the services of one of the UK's former top EU officials to advise on Brexit in a coup for the Swiss bank.
UBS plans to focus on growing its merger and IPO advisory business over the next few years to offset industry-wide headwinds in trading, people with knowledge of the matter said.
How often do the Swiss get things really wrong?
Goldman Sachs lost its two most-experienced trading leaders as the bank’s senior ranks feel the ripple effects of an expected succession at the top.
It's not all bad news.
UBS has new leaders in its equities business - again.
Bank of America has hired John Utendahl from Deutsche Bank, naming him executive vice chairman of global corporate and investment banking.
Tragedy struck Canada's financial district Wednesday, after 8 people (7 from law firm McCarthy Tetrault and a messenger who was meant to be passing through) were caught in a lift in the Toronto Dominion Bank Tower in downtown Toronto.
Another day, and yet more talk about job cuts.
UBS appointed Chris Hagstrom and Mike Pasquale co-heads of Americas equities distribution as the bank looks to regain market share in global stock trading.
Sergio Ermotti was challenged by Marc Walder, Chief Executive Officer of Swiss media company Ringier and Gianluigi Bianchi, Managing Partner for Europe of Wealth-X to undertake the ALS Ice Bucket Challenge.
From reading the press in recent weeks, you could be forgiven for thinking that UBS, especially UBS Investment Bank, is having a hard time of it keeping its senior staff. Hardly a week seems to go by without a retirement, departure or resignation. But that's not actually the case.
UBS’s Asia investment banking co-head, Saurabh Beniwal, is planning to leave as the bank trims senior management ranks in the region, people familiar with the matter said.
Here's the lastest on the bonus front.
Reuters reports that BNP Paribas’ corporate & institutional banking unit on Thursday appointed Paul Hollingsworth as the French bank’s UK economist.
Pat Walter, Guggenheim Partners’s head of human resources and brother of the firm’s chief executive officer, is leaving the company after a series of disputes among employees.
The disgraced former UBS trader Kweku Adoboli has had an application to overturn a deportation order against him rejected in the court of appeal.