Don’t cry for Aberdeen Asset Management but Argentina’s currency issues sent it falling yesterday.
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Saturday 05 March 2011
Oswald Gruebel, the chief executive of UBS, has decided to forgo his annual bonus for the second consecutive year after the Swiss bank's share price failed to rise in 2010.
Friday 11 February 2011
Credit Suisse cut its profitability target and dividend yesterday, blaming tighter capital regulations, after it missed fourth-quarter profit forecasts on disappointing fixed-income trading.
Wednesday 09 February 2011
UBS, the Swiss finance giant, was finally able to report a return to profit yesterday, four years after its last period in the black, but said it still planned to cut the bonuses paid to bankers. It is also continuing its policy of not paying a dividend to shareholders.
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.
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