News

Don’t cry for Aberdeen Asset Management but Argentina’s currency issues sent it falling yesterday.

UBS and US initial deal over tax evasion case

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.

Swiss UBS continues in the red as costs weigh

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.

Swiss banks' veil of secrecy slips

Attempts by the US tax authorities to stop Americans using accounts with UBS to hide assets look likely to reform Switzerland's historic banking laws, says Stephen Foley

UBS replaces investment banking boss

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.

UBS to cut 8,700 jobs as gloom deepens

Swiss bank targets 'long road to success' as it reports Sfr2bn losses in first quarter

UBS to cut 8,700 jobs

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.

UBS names former Swiss finance minister as new chairman

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.

Former Credit Suisse chief Grübel to take helm at UBS

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.

Secret Swiss bank accounts under threat

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.

UBS agrees to pay $780m in fines

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.

UBS suffers worst loss in Swiss history

Bank cuts 2,200 more jobs in attempt to return to profit

UBS says its next results will show worst is over

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.

UBS adds to gloom at end of bank season

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.

New York in multibillion-dollar mis-selling case against UBS

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.

UBS tries to restore credibility with boardroom shake-up

UBS announced the unexpected resignations of four directors yesterday as it began to overhaul its board in an attempt to restore stability.

News
peopleFrankie Boyle responds to referendum result in characteristically offensive style
News
news
Arts and Entertainment
Nick Frost will star in the Doctor Who 2014 Christmas special
tvNick Frost, Natalie Gumede and Michael Troughton step up
Arts and Entertainment
Matthew Beard, Ben Schnetzer, Douglas Booth and Jack Farthing in ‘The Riot Club’
filmReview: Sheer nastiness of Riot Club takes you aback
News
news
Arts and Entertainment
tvBut something’s not quite right
News
scienceIg Nobel Prizes announced
Career Services

Day In a Page

Independent Travel
Panama
Languedoc Roussillon
Marrakesh & the Atlas Mountains
Bruges
The Jura Mountains
Dubrovnik & the Dalmatian Coast
Prices correct as of 17 September 2014
Mystery of the Ground Zero wedding photo

A shot in the dark

Mystery of the wedding photo from Ground Zero
His life, the universe and everything

His life, the universe and everything

New biography sheds light on comic genius of Douglas Adams
Save us from small screen superheroes

Save us from small screen superheroes

Shows like Agents of S.H.I.E.L.D are little more than marketing tools
Reach for the skies

Reach for the skies

From pools to football pitches, rooftop living is looking up
These are the 12 best hotel spas in the UK

12 best hotel spas in the UK

Some hotels go all out on facilities; others stand out for the sheer quality of treatments
These Iranian-controlled Shia militias used to specialise in killing American soldiers. Now they are fighting Isis, backed up by US airstrikes

Widespread fear of Isis is producing strange bedfellows

Iranian-controlled Shia militias that used to kill American soldiers are now fighting Isis, helped by US airstrikes
Topshop goes part Athena poster, part last spring Prada

Topshop goes part Athena poster, part last spring Prada

Shoppers don't come to Topshop for the unique
How to make a Lego masterpiece

How to make a Lego masterpiece

Toy breaks out of the nursery and heads for the gallery
Meet the ‘Endies’ – city dwellers who are too poor to have fun

Meet the ‘Endies’ – city dwellers who are too poor to have fun

Urbanites are cursed with an acronym pointing to Employed but No Disposable Income or Savings
Paisley’s decision to make peace with IRA enemies might remind the Arabs of Sadat

Ian Paisley’s decision to make peace with his IRA enemies

His Save Ulster from Sodomy campaign would surely have been supported by many a Sunni imam
'She was a singer, a superstar, an addict, but to me, her mother, she is simply Amy'

'She was a singer, a superstar, an addict, but to me, her mother, she is simply Amy'

Exclusive extract from Janis Winehouse's poignant new memoir
Is this the role to win Cumberbatch an Oscar?

Is this the role to win Cumberbatch an Oscar?

The Imitation Game, film review
England and Roy Hodgson take a joint step towards redemption in Basel

England and Hodgson take a joint step towards redemption

Welbeck double puts England on the road to Euro 2016
Relatives fight over Vivian Maier’s rare photos

Relatives fight over Vivian Maier’s rare photos

Pictures removed from public view as courts decide ownership
‘Fashion has to be fun. It’s a big business, not a cure for cancer’

‘Fashion has to be fun. It’s a big business, not a cure for cancer’

Donatella Versace at New York Fashion Week