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Ubs News

UBS pockets 14% profit rise

Zurich - UBS said Friday its net profit climbed 14 percent in the third quarter to 946 million Swiss francs (814 million euros, $946 million) and Swiss banking giant expressed confidence about improving market conditions.

Will robots take away your job? Special

In the classic sci fi film, “The Day the Earth Stood Still,” a robot vaporizes anyone standing in its way. In reality, though, it’s not people that robots are vaporizing, it’s their jobs.

Six banks fined over $4 billion after exchange rate manipulation

Six giant banks have agreed to forfeit $4.33 billion to global regulators to resolve allegations that its traders tried to fiddle foreign exchange rates.

Back from the edge — Radio Shack gets new financing offer

New York City - Ubiquitous US electronics retailer RadioShack Corp. reportedly has received an offer of nearly $600 million in financing that could enable it to avoid bankruptcy.

UBS attempted to rig Hong Kong interest rate, probe finds

Hong Kong - Swiss banking giant UBS attempted to rig Hong Kong's benchmark interest rate, the city's de facto central bank said on Friday following a more than year-long investigation.The Hong Kong Monetary Authority (HKMA) began its probe into the local interbank...

UBS chief's pay rises by a fifth as metals probe revealed

UBS <UBSN.VX> hiked Chief Executive Sergio Ermotti's pay by more than a fifth in 2013, when the Swiss bank added probes into its metals trading and foreign exchange businesses to a long list of le...

UBS's Brazil unit to make quiet return to investment banking: sources

UBS AG <UBSN.VX> will restart investment banking operations in Brazil as early as next week, sources said, almost five years after Switzerland's biggest bank sold its ...

Former UBS banker to plead guilty in U.S. tax case, filing says

A former senior UBS private banker has agreed to plead guilty in connection with a criminal indictment for selling offshore tax-evasion services to wealthy Americans, according to court documents.

UBS puts two on leave over hiring of Chinese banker: IFR

Swiss bank UBS AG has put two bankers on leave as part of an internal investigation into the hiring of a close relative connected to a potential Chinese corporate client, IFR reported on Monday.

UBS bank reports huge switch back into profit

Z - Swiss banking giant UBS on Tuesday reported a huge swing back into profit for 2013, reaping the rewards of a radical overhaul launched under pressure the previous year.UBS said that its net profit of 3.2 billion Swiss francs (2.6 billion euros, $3.

Swiss banker wanted by US for helping tax evaders nabbed in Italy

Bologna - Wanted in the USA for allegedly helping wealthy Americans hide €15 billion ($20 billion) from their local taxman, the former top banker was found hiding away in style in a luxury hotel in Bologna.

Op-Ed: Global banks are rate rigging in Singapore

The Monetary Authority of Singapore censured banks for trying to rig benchmark interest rates. Many important, global banks are involved, but the consequences are insignificant.

Swiss bank UBS cuts 10,000 jobs

The major European bank UBS has announced it will cut 10,000 jobs worldwide. This is an attempt by the bank to reduce its costs. The restructuring is a result of the bank's exposure to the global financial crisis.

Video: Whistleblowers — Are they an asset or a liability?

Being a whistleblower means different things, depending on whether you are an asset to the U.S. government, or an embarrassing liability.

Game changer — Whistleblower gets $104 million reward from IRS

New York - Forget politics, real regulatory reform now has some big numbers on its side. Jailed banker Bradley Birkenfeld is to receive a $104 million payout for information which exposed the Swiss bank UBS and caused a panic among wealthy tax evaders.

Op-Ed: Wall Street as real organized crime? US cities scams hit the fan

Sydney - Wall Street is the epitome of the corruption, insanity and anti-democratic forces at work in the USA. It breaks laws like corn flakes and gets protection from its spineless political pets while bankrupting cities and counties.

Occupy London protesters invade Swiss bank office block

Hackney - Occupy London protesters claim to have taken over an office block in Hackney, London, belonging to the global finance and banking giant United Bank of Switzerland (UBS).

Group of Rich Americans Sue UBS to Keep Names Secret in Tax Case

A group of wealthy clients are suing UBS to block the disclosure of their identities to the Internal Revenue Service in the midst of a tax-evasion investigation. The lawsuit claims it violates Swiss bank secrecy laws.

Op-Ed: Gnomes of Zurich repent! UBS to disclose names of US tax evaders

One of the great institutions of tax evasion is about to keel over. The famous Swiss bank account, pride of jerks around the world, is about to get a lot more informative. UBS, facing $780 million in charges, has decided to cooperate with the IRS.

Op-Ed: A Gold Medal for Last Week's Bull Rally

It was beautiful. It was wow. It was unbelievably exciting. It was indescribable. It was beyond superlatives and no we are not talking about the spectacular display at the Beijing National Stadium, it was the bull rally last week on Wall Street.
 

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Occupy London now has a third base in the capital at a disused office block belonging to financial g...
Occupy London now has a third base in the capital at a disused office block belonging to financial giants UBS in Hackney
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