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

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Prosecutors said to recommend UBS face tax trial


French prosecutors are recommending that UBS and its French unit face a criminal trial over allegations it helped clients evade taxes following a probe that caused the bank to post a $1.2bn bail to cover a potential penalty, according to a person familiar with the matter.

Early start for currency traders

Trading Desk

As the U.K. decides on its future in or out of the European Union, currency traders and analysts thousands of miles away in Asia, will be at their desks well before dawn.

Banks on high alert as City sets up war rooms and fills cash machines

Trading Desk

Major banks are preparing for two days of unprecedented uncertainty by stuffing cash machines full of money, placing senior bankers on high alert in emergency war rooms around the City and switching off computer-driven “black box” trading systems to avoid incurring huge losses in violent swings in shares, bonds and currency markets.


Weber Grill

European banking sector still in 'very difficult' place: UBS boss

UBS Chairman Axel Weber warned on Tuesday that the beleaguered European banking sector was still facing many challenges, particularly on the regulatory and capital front, and that the European Central Bank (ECB) was likely to wait and see how its policies do before changing course.


English money

Ex-UBS trader banned for currency rigging

The U.S. Federal Reserve banned former UBS trader Matthew Gardiner from the banking industry for life for rigging currency benchmarks, the first U.S. penalty against an individual in the three-year investigation.