UBS, the bank facing client complaints over Puerto Rican bond funds, said its local chairman is leaving the company next month.
Headquartered in Zurich and Basel, UBS is a global firm providing financial services to private, corporate and institutional clients.
UBS, BNP Paribas, Credit Suisse and other banks providing wealthy French people a home for their money in Switzerland are being told: No more tax evasion.
Morgan Stanley now has new critic: the Chinese government.
UBS is a better bet than its neighbour Credit Suisse even though it’s more exposed to legal risks, according to JPMorgan analysts.
U.S. authorities in Puerto Rico are investigating allegations that a former UBS broker improperly advised clients to borrow money to make investments, a person briefed on the probe told Bloomberg.
Marcel Bruehwiler, chief executive of UBS's Belgium unit, was charged in Brussels as part of a probe into a multibillion-euro tax fraud, accelerating the latest tax-evasion inquiry facing the bank.
Switzerland's central bank has urged UBS and Credit Suisse to further improve their capital strength, even after good progress made in recent years, due to the 'substantial' risks still faced from economic and legal issues.
Eric Knight, CEO of activist fund manager Knight Vinke, believes UBS will eventually follow his advice to split its wealth management business from its investment bank.
It's not all bad news.
UBS’s bet on high-frequency trading helped it overtake rival Credit Suisse in Brazil’s equity markets for the first time.
UBS is arranging more covered bonds than its competitors for the first time in at least 15 years even after the bank scaled back its fixed income business and focused on wealthy clients.
Barclays has named Gary Posternack global head of mergers and acquisitions, said a person briefed on the matter.
Bank of America’s Merrill Lynch has appointed Akihiko Manaka to lead its mergers and acquisitions advisory business in Japan.
JPMorgan hired UBS’s former China Chairman David Li to lead the Wall Street firm’s operations in the Asian nation.
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.
Many of the 'Too Big to Fail' banks are still extremely big - bigger in many cases than before the financial meltdown and subsequent rounds of forced consolidation.
Sad to report.
Morgan Stanley global head of rates strategy, Laurence Mutkin, has left the investment bank to join BNP Paribas.
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.
He argued at trial that his managers pushed him to take too many risks and that rule-breaking at the bank was rampant.