Internal: Archive

UBS head rejects resignation calls

This content was published on Sep 18, 2011 Oswald Gruebel told the Swiss German-language newspaper Sonntag that calls for his resignation were “purely political”. “If you ask me whether I feel guilty, the answer is ‘no’,” he told the Sunday paper, while saying that he was responsible for everything that happens in the bank. “When someone decides to act with criminal energy, you…

“Rolls-Royce” of x-ray machines honoured

This content was published on Sep 18, 2011 The Swiss Light Source (SLS) is the sparkling jewel in the crown of the Paul Scherrer Institute (PSI), Switzerland’s largest research institution – although the path to its creation couldn’t have been bumpier. Since summer 2001, thousands of experiments have been carried out – by pharmaceutical researchers as well as academics – resulting in more…

Rogue losses turn screw on UBS investment bank

This content was published on Sep 16, 2011 With the scandal sparking a public and political backlash, the Swiss media is speculating that UBS may accelerate its cuts to investment banking when it announces future strategy to investors on November 17. The bank has already been forced to abandon previously stated targets and cut 3,500 jobs to save up to SFr2 billion ($2.3…

UBS trader charged with fraud

This content was published on Sep 16, 2011 The man, who worked on a UBS equities desk, appeared before a London magistrates court on Friday, confirming his name and address. He was remanded in custody until Thursday. He is charged with fraud by abuse of position and false accounting. Police said the investigation was ongoing. The man was arrested in the early hours…

Star-gazing

This content was published on Sep 16, 2011 Created in 1999 the Paranal observatory is located at 2,637 metres above sea level, 1,500km northeast of the capital Santiago.

Top banker calls for entrepreneurial freedom

This content was published on Sep 16, 2011 Pierin Vincenz, who hopes centre-right parties will do well in the October 23 parliamentary elections, calls for a pragmatic approach in implementing international standards on bank customer confidentiality. He says stability is key for to maintain the image of Swiss banks which has suffered over the past few years. “One thing that makes Switzerland very…

US tax-evasion probe turns to Israeli banks

This content was published on Sep 16, 2011 Sources told the Reuters news agency that the banks are Bank Hapoalim, Bank Leumi le-Israel BM and Mizrahi-Tefahot. The shift to Israel from Switzerland signals a broadening of a landmark probe by the US Justice Department’s criminal tax division that began in 2007 with Switzerland’s biggest bank, UBS AG. The scrutiny of the three Swiss…

Stiffer banking rules set to win backing

This content was published on Sep 15, 2011 The House of Representatives on Thursday approved a proposal for a total equity ratio of at least 19 per cent and tougher liquidity requirements. Discussions on improved risk diversification and steps to ensure the payment of transactions in case of a bank’s insolvency will continue next week. During the debate the rightwing Swiss People’s Party…

UBS hit by $2 billion rogue-trader losses

This content was published on Sep 15, 2011 UBS warned that the unauthorised trading by one of its investment bankers is likely to negatively impact its third quarter results. A 31-year-old man has been arrested in London on suspicion of fraud. Shares in the bank plunged more than eight per cent on the news to under SFr10 per share before recovering slightly by…

UBS rogue trader loses $2 billion

This content was published on Sep 15, 2011 UBS warned that the unauthorised trading by one of its investment bankers is likely to negatively impact its third quarter results. Shares plunged more than eight per cent on the news to under SFr10 per share. The bank added that no clients had been affected, leading to the likely conclusion that the rogue trader had…

Internal: Archive

Popular Stories

Most Discussed

Internal: Archive

More

UBS head rejects resignation calls

More

“Rolls-Royce” of x-ray machines honoured

More

Rogue losses turn screw on UBS investment bank

More

UBS trader charged with fraud

More

Star-gazing

More

Top banker calls for entrepreneurial freedom

More

US tax-evasion probe turns to Israeli banks

More

Stiffer banking rules set to win backing

More

UBS hit by $2 billion rogue-trader losses

More

UBS rogue trader loses $2 billion

Popular Stories

Most Discussed