Headquartered in Zurich and Basel, UBS is a global firm providing financial services to private, corporate and institutional clients.

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All the latest on UBS

Cinese Flag

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.

People News: Citigroup, Deutsche Bank, UBS

EXIT

Mariano Gaut, a 20-year Citigroup veteran who most recently served as the bank's co-head of Latin America capital markets origination, has left the firm, two sources familiar with the situation told IFR.

Great trading bloopers of our time

Hand On Keyboard

Here's a quick look at some of the trading disasters which have occurred in recent years. Note that these are genuine foul-ups (or 'fat-fingered' trades), and not losses down to rogue traders.

HOT LIST

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Pointing The Finger

22 banks accused of manipulating treasury auctions

Twenty-two financial companies that have served as primary dealers of U.S. Treasury securities were sued in federal court on Thursday, in what was described as the first nationwide class action alleging a conspiracy to manipulate Treasury auctions that harmed both investors and borrowers.