A unit of UBS is objecting to a plan that would allow hundreds of investors who lost money in closed-end Puerto Rico bond funds to arbitrate their claims against the firm on the U.S. mainland, according to people familiar with the matter.
Headquartered in Zurich and Basel, UBS is a global firm providing financial services to private, corporate and institutional clients.
UBS is poised to receive immunity from European Union currency-rigging fines after it was the first to approach regulators in the probe, according to a person with knowledge of the case.
The Swiss Competition Commission said it’s investigating UBS and other banks as the probe into the alleged manipulation of foreign-exchange rates deepens.
A former UBS trader who became a cooperating witness in the U.S. government's sweeping probe of bid-rigging in the $3.7tril municipal bond market was sentenced to time served on Thursday.
UBS suspended foreign-exchange traders in the U.S., Singapore and Switzerland as its investigation into the alleged rigging of currency markets widened, according to a person with knowledge of the matter.
The Swiss government is set to appoint British-born former banker Mark Branson as the first non-Swiss national to head its financial regulator, two sources said, just as the body probes currency markets and prepares for a major review of big banks.
Citigroup has named Richard Bibbey to run its global spot foreign-exchange business as the bank seeks to more closely align its voice and electronic trading of currencies.
A senior UBS banker in Hong Kong returned to work on Monday, according to a spokesman for the bank, after being placed on leave as part of an investigation into the hiring of a Chinese colleague.
Once modest of pay and profile, risk experts are being reborn as rock stars of the banking world - their status and salaries soaring as regulators force financial institutions to clean up.
UBS said it’s reviewing its precious metals business amid regulatory inquiries into the gold market, while the Hong Kong Monetary Authority reprimanded the firm for interest-rate rigging.
The Wall Street Journal reports that Credit Suisse has denied press reports that it is to relocate 3,500 Swiss-based IT jobs to lower cost locations. The company has said that whilst it is continually looking at offshoring options, it is actually recruiting in IT in Switzerland at the moment, and has around 220 open positions.
Six leading financial services firms are preparing to compete in the annual Arch to Arc Enduro Challenge Triathlon, one of the world's most arduous relay races, contested across land and water between London and Paris.
A 50-year-old Harlem educator is giving her UBS broker failing grades after she lost $400,000 from her Puerto Rico muni bond fund.
Debt markets think the euro zone debt crisis is over and are "underpricing" the risks, Axel Weber, former head of the Bundesbank, has warned.
Here's the testimony of Mark Froeba, who, before leaving in 2007, was jointly responsible for evaluating all Moody's new CLO rating guidelines, before the US Financial Crisis Inquiry Commission Wednesday.
UBS has no plans to sell its U.S.-based wealth management arm, the former Paine Webber brokerage, Chief Executive Sergio Ermotti said on Wednesday.
Here are the final results in this year's CTO CIO Poll, which was sponsored by top IT recruitment specialists Deep Blue Associates:
Goldman Sach lost market share in equities revenue relative to the world’s top firms last year, according to Tricumen Ltd, a financial research company.
Deutsche Bank was ordered to give four traders fired in a rate-rigging investigation their exact jobs back while a court is hearing an appeals bid by the lender over the issue.
The New York Post reports that New York State Attorney General Andrew Cuomo has accused Bank of America of 'hindering' his investigation into the bank's acquisition of Merrill Lynch.