UBS has poached star investment banker Marco Illy from arch rival Credit Suisse.
Headquartered in Zurich and Basel, UBS is a global firm providing financial services to private, corporate and institutional clients.
A former UBS precious metals trader was found not guilty on Wednesday of scheming to manipulate futures markets through a practice known as spoofing.
UBS CEO Sergio Ermotti said the bank has been talking about cost-sharing initiatives with rivals.
A strong first-quarter performance from UBS’s investment bank was offset by weaker results from other businesses, including its global wealth-management unit, analysts say.
Those missing targets receive e-mail rebukes from top executives, one person said.
UBS beat market expectations with a 19 percent jump in net profit for its first quarter, boosted by strong equity trading activity.
Discussing co-operating in areas such compliance, settlements and trade processing.
M&A any EMEA involvement, announced deals.
Deutsche Bank’s chairman Paul Achleitner is considering making Juerg Zeltner, the former head of the wealth management business of Swiss bank UBS(UBSG.S), the successor to Chief Executive John Cryan, Spiegel magazine reported on Friday.
Tom Hayes, the former UBS and Citigroup trader jailed for 11 years over Libor rigging, lost an appeal against a confiscation order that forced his wife to sell their £1.6m ($2.3 million) family home.
Many of these are incredible.
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.
Here's the latest from our Highly Placed Professional
UBS doubled the number of quants working for Chief Investment Officer Mark Haefele in the past two years. He wants to hire even more.
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.
Citigroup on Monday named Valery Barrier and Bank of America’s James Fleming as co-heads of its EMEA equity capital markets business, according to an internal memo.
Barclays has appointed Steven Penketh as chief operating officer for Barclays International, the unit that houses its investment bank and private banking businesses, a source familiar with the matter told Reuters on Friday.
UBS and Credit Suisse still need to improve preparations for how they would deal with a hypothetical failure, a regulator said Thursday, as both lenders set their sights again on growth.