Posts Tagged ‘UBS’

UBS chief quits after clash over strategy

Bank’s board gave unanimous support for Oswald Grübel to remain but refused to back his plans to overhaul strategy and corporate governance View full post on UK Business Stories

UBS loses $2 billion on unauthorized trading

Swiss bank UBS disclosed on Wednesday that its investment banking arm lost about $2 billion because of unauthorized banking. View full post on Banking Stories

UBS charges date back to 2008

Kweku Adoboli, who has been charged with fraud over a $2bn loss at the bank, was remanded in custody in London View full post on UK Business Stories

Trader’s last words before arrest: I need a miracle

UPDATE: Facebook post from man accused of losing Swiss banking group UBS almost $2b through rogue trading. View full post on Business Stories

Barclays could set up ‘bad bank’, say UBS

While resurgent fears of yet another European bail-out sent traders running for cover on Monday, Barclays bucked the falling trend. View full post on UK Business Stories

Rogue email ‘costs UBS $10m in GM fees’

A banker at UBS has allegedly cost the Swiss bank an estimated $10m (£6.2m) in fees after he sent an email detailing General Motors’ upcoming flotation to more than 100 people. View full post on UK Business Stories