Don’t cry for Aberdeen Asset Management but Argentina’s currency issues sent it falling yesterday.
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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.
Tuesday 14 July 2009
Tuesday 28 April 2009
UBS has replaced its investment banking chief after just a year and split the role into two, as its new chief executive, Oswald Grübel, looks to make his mark at the beleaguered Swiss group.
Thursday 16 April 2009
Wednesday 15 April 2009
UBS will cut another 11 per cent of staff, its new chief executive said today, warning that Switzerland's largest bank still faces an uncertain future.
Thursday 05 March 2009
Just days after naming a former head of arch-rival Credit Suisse as chief executive, the Swiss bank UBS yesterday announced plans to name a former Swiss finance minister as chairman as it seeks to put its recent troubles behind it and present investors and regulators with fresh faces.
Friday 27 February 2009
The beleaguered Swiss bank UBS seems to be trying to borrow some of the magic that allowed its arch-rival Credit Suisse to ride through the credit crunch relatively unscathed as it took the almost-unprecedented step yesterday of hiring a former head of its nemesis as its new chief executive.
Friday 20 February 2009
Switzerland pledged to maintain its tradition of banking secrecy yesterday after its authorities took the unprecedented step of revealing to US investigators the names of up to 300 American clients of troubled UBS bank who were suspected of tax fraud.
Thursday 19 February 2009
The Justice Department said on yesterday that Switzerland's largest bank has entered into what is known as a deferred prosecution agreement on charges of conspiring to defraud the United States by impeding the Internal Revenue Service.
Wednesday 11 February 2009
Friday 03 October 2008
The Swiss banking powerhouse UBS hopes it has left the worst of the credit crunch behind, predicting a return to quarterly profit for the first time in a year when it announces its results next month.
Sunday 10 August 2008
The beleaguered Swiss banking giant UBS is expected on Tuesday to write off a further €3.5bn (£2.7bn) of assets hit by the credit crunch, drawing the curtain on the second-quarter reporting season for Europe's banks.
Friday 25 July 2008
Seven senior executives at UBS cashed in $21m (£10.6m) of their personal holdings in auction-rate securities just before the market for these securities collapsed, leaving thousands of the Swiss financial giant's clients holding securities they could not sell.
Wednesday 02 July 2008
UBS announced the unexpected resignations of four directors yesterday as it began to overhaul its board in an attempt to restore stability.
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