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.
Headquartered in Zurich and Basel, UBS is a global firm providing financial services to private, corporate and institutional clients.
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.
UBS raised total compensation for CEO Sergio Ermotti by 21% to $12.3m after the bank returned to profit last year.
We looked at 10 bosses of some of the world's largest banks and rated them on 5 key criteria in terms of their effectiveness.
The Federal Housing Finance Agency (FHFA), as conservator for Fannie Mae and Freddie Mac (the Enterprises), has filed a lawsuit in the federal district court for the Southern District of New York against UBS Americas, Inc., and related defendants alleging violations of federal securities laws in the sale of residential private-label mortgage-backed securities (MBS) to the Enterprises.
Wealth management and investment banking.
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.
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 Global Asset Management’s Global Real Estate business has announced that Eric Byrne has been appointed as the new Head of Global Multi-Managers & Securities, effective 1 May 2013.
Here's the latest on the 'Movers & Shakers' front.
UBS said on Tuesday several class action lawsuits relating to a probe into possible manipulation of the foreign exchange market had been filed against it and other banks.
UBS will restart investment banking operations in Brazil as early as this week, sources said, almost five years after the bank sold its highly profitable securities unit there following the global financial crisis.
Debt markets think the euro zone debt crisis is over and are "underpricing" the risks, Axel Weber, former head of the Bundesbank, has warned.