Activist shareholder Knight Vinke today called on Swiss bank UBS to split up its investment bank, most of which is based in London, from its wealth-management and domestic banking activities.
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Thursday 25 November 2010
The trustee seeking to recover money for Bernard Madoff investors has sued UBS for $2bn (£1.3bn), accusing the Swiss bank of collaborating in the massive Ponzi scheme.
Wednesday 27 October 2010
UBS reported a surprise loss in investment banking yesterday that overshadowed news that fresh money was finally flowing into the Swiss giant's core private bank.
Friday 15 October 2010
UBS sought to brush its disastrous performance during the financial crisis under the carpet yesterday by admitting mistakes but ruling out any legal action against its former bosses.
Monday 05 July 2010
Investors will be hoping for further clarity on the housing market when the builders Persimmon and Bovis Homes issue updates this week.
Friday 18 June 2010
Switzerland's politicians have voted to hand over the account details of 4,450 Americans suspected of using the country's banking secrecy laws to evade US taxes.
Wednesday 09 June 2010
The international deal that saved the Swiss bank UBS from investigation for aiding massive tax evasion in the US has been thrown into confusion after Switzerland's lower house of parliament rejected a plan to hand over thousands of customer details to American tax authorities.
Wednesday 05 May 2010
Thursday 15 April 2010
UBS shareholders took the unprecedented step of refusing to exonerate former top executives for the risky investment bets that brought the bank to the verge of collapse during the credit crisis.
Tuesday 13 April 2010
UBS sought to defuse criticism over management responsibility for the bank's troubles and bonuses by posting its highest pre-tax profit since the credit crisis began and a big slowdown in client withdrawals.
Saturday 03 April 2010
UK authorities are seeking the extradition of an eighth suspect at large abroad in an insider trading investigation by the Financial Services Authority.
Wednesday 18 November 2009
Most of the rich people whose UBS bank accounts are to be handed over to US authorities are suspected of fraud rather than simple tax evasion, Swiss authorities revealed.
Sunday 08 November 2009
Investment banks Citi and UBS will be retained as advisers to the Government and London & Continental Railways (LCR), when the Channel Tunnel rail link is sold next year.
Thursday 13 August 2009
The Swiss bank UBS and the US government have settled their dispute over the disclosure of names of wealthy Americans suspected of tax evasion using UBS accounts.
Wednesday 05 August 2009
The Swiss banking giant UBS has failed to emulate some of its biggest rivals at home and abroad as it posted a third consecutive quarterly loss, hit by exceptional charges.
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