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

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LATEST

UBS subject to dark pools probes

Magnifying Glass

UBS on Tuesday became the latest bank to say it is cooperating with inquiries about alternative trading system, also known as 'dark pools', from various American regulators.

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.

HOT LIST

Who's Been Hired Or Is On The Up ?

Citigroup has hired Carl Scott to head up its European interest rates exotic trading division. Scott, previously at WestLB, will replace Marco Arosio, who is taking up a new role in Citigroup's interest rate structuring team.

The World's Most Successful Traders In 2004 ?

We all know that whereas M&A was once King, the torch has now passed to the trading boys. Well, Trader Monthly magazine recently published its second annual list of the world's most successful traders (for 2004). The magazine has estimated what each trader makes by speaking to hundreds of industry sources, and sometimes the traders themselves. Because it is difficult to get a precise number, an earnings range has been applied against each trader's name. Here are the guys at the Top of that list:

Deutsche 'Gay' Said To Have Called It A Day

Sid Saeed, the former Deutsche Bank back office staffer, who used newish anti-discrimination rules to claim that he was disadvantaged and ridiculed because of his race and the fact that he is homosexual, is said to have reached an out of court settlement with the bank for an undisclosed sum.

London's Biggest Trading Floors

Hot on the heels of the announcement that JPMorgan has spurned Canary Wharf and has chosen the 'Square Mile' for its new European HQ (St Alphage House in London Wall), most of the interest centres around the fact that, of the 1 million square feet that makes up the new building, there will be four giant trading floors of some 72,000 square feet each.

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