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

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UBS delivers 'strong underlying results'

Sergio Ermotti Interview Pic

UBS said on Tuesday that second-quarter profit rose nearly 15% despite muted client activity during the quarter and additional charges for litigation and regulatory inquiries, including the settlement of a German tax investigation.

Ex-BofA trader spared prison

Bank Of America Corner Signs

A former Bank of America derivatives trader who pleaded guilty to conspiring to falsify documents was spared prison on Friday after spending years helping the government probe bid-rigging in the $3.7tril municipal bond market.

UBS hits out at French prosecutors

Eiffel Tower

UBS sounded a combative note on Thursday, criticizing the decision of French prosecutors to place it under formal investigation over allegedly helping French clients evade taxes.

UBS wins case over firing of analyst

UBS building

A London judge said UBS had the right to fire a senior analyst who discussed rumours about a Sanofi drug with a friend at a hedge fund who may have bet against the company before publishing a report causing its shares to drop.

HOT LIST

For Hire

People News - C Suisse, JPMorgan, UBS

Credit Suisse has named Christopher Conoscenti a managing director in its oil and gas group, as the investment bank builds up its energy team in the Americas, according to a memo obtained by Bloomberg News.

And The 'Dumbest' Bank In The World Is......

Well, there could be a few runners for that accolade (Bear Stearns, Citi, Lehman Brothers, Merrill Lynch, UBS, etc), but at least in Germany the 'dumbest' bank has been officially annointed. It's state-owned German lender KfW Bankengruppe.

Sergio Ermotti Interview Pic

UBS delivers 'strong underlying results'

UBS said on Tuesday that second-quarter profit rose nearly 15% despite muted client activity during the quarter and additional charges for litigation and regulatory inquiries, including the settlement of a German tax investigation.

Departure

UBS UK chief said to leave

The chief executive of UBS's British operations is to leave the bank at the end of September, according to an internal memo seen by Reuters on Thursday.

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