UK hands fraud agency all funds needed for probe

2014-11-14 10:43

The UK finance ministry will hand the anti-fraud agency all the funds it needs to conduct a criminal investigation into alleged rigging of the currency market.

UK prepares forex fines for six banks -sources

2014-11-07 15:15

British regulators investigating allegations of collusion and manipulation in the foreign exchange market could fine a group of six banks.

UBS faces fine of up to $6.3bn in tax probe

2014-10-03 12:30

Switzerland's largest bank UBS could face a fine of up to $6.3bn if found guilty in a French investigation into whether it helped wealthy customers avoid tax.

France defends UBS guarantee demand

2014-07-24 17:51

A billion euro guarantee payment demanded by French judges of Swiss bank UBS reflects the size of the fine it could pay if found guilty.

Anger simmers worldwide over bankers' pay

2014-05-29 20:30

Investors have rejected the pay plans of 10 of the world's biggest banks as anger over excessive bonuses reached record levels in Britain and the United States.

UK steps up scrutiny of traders' activity

2014-03-31 14:23

Britain's financial industry watchdog plans to step up its scrutiny of banks' control over their traders following the benchmark rate rigging scandal.

Rigging scandal: €1.7bn fine for banks

2013-12-04 19:20

Six financial institutions including Deutsche Bank, Royal Bank of Scotland and Citigroup have been fined a record total of €1.71bn for rigging financial benchmarks.

UBS reports firm profits

2013-07-30 14:51

Swiss bank UBS has reported strong results for the second quarter in its drive to re-focus activities and turn the page on the financial crisis.

UBS settles US mortgage probe

2013-07-22 09:42

UBS says it has settled a Federal Housing Finance Agency lawsuit over soured mortgage investments, taking a $919.63m charge against second-quarter earnings.

Singapore punishes 20 banks over rigging

2013-06-14 18:29

Singapore's central bank has censured a record 20 banks after it found more than 100 traders in the city state tried to rig key borrowing and currency rates.

UBS France probed over Swiss accounts

2013-06-02 14:48

The French branch of UBS has been placed under investigation on suspicion that it helped try to persuade rich French clients to open undeclared Swiss accounts.

UK fingers ex-UBS bosses in scandal

2013-01-10 14:40

British lawmakers accused former bosses of Switzerland's UBS of "staggering" ignorance for failing to uncover widespread interest rate rigging at the bank.

Rate scandal rocks UBS yet again

2012-12-23 16:01

The banking giant, which has been fined $1.5bn for manipulating global interest rates, has reportedly tampered with Swiss interest rates for over a decade.

UBS pays $1.5bn to settle Libor rigging

2012-12-19 08:18

UBS says it will pay $1.53bn to settle a wide-ranging, multi-regulator probe into how the Swiss bank's traders manipulated yen Libor and euroyen contracts.

Anglo shares down on UBS downgrade

2012-12-14 11:30

Shares of Anglo American fell after UBS downgraded its rating and cuts its earnings forecasts, citing country risk and expectations of lower production.

UBS fined £30m over trading scandal

2012-11-26 13:16

UBS was fined £30m by Britain's financial watchdog and put under extra scrutiny by its Swiss counterpart over failings that allowed a rogue trader to lose $2.3bn.

UBS 'rogue trader' goes on trial

2012-09-08 23:14

A trader accused of a $2.3bn fraud at Swiss bank UBS is due to go on trial in London in a case expected to once again put bankers under the spotlight.

Ex UBS trader faces trial

2012-01-30 15:01

Former UBS trader Kweku Adoboli has pleaded not guilty to fraud and false accounting and is in custody until his trial in September.

Protesters take over UBS-owned building

2011-11-18 20:20

Protesters facing a legal battle over the right to stay camped outside St Paul's Cathedral say they have taken over a building owned by the UBS bank in east London.

UBS chief signals tussle over banks

2010-06-18 12:12

Thousands of jobs will be at risk if plans for "too big to fail" regulation crimp Switzerland's biggest banks, UBS chief executive Oswald Gruebel has warned.


Hefty fines for five major banks

2014-11-12 10:27

Global regulators have imposed penalties on major banks, including a landmark settlement over allegations of price fixing in the foreign exchange market.

UBS earnings burdened by legal troubles

2014-10-28 13:15

Major Swiss bank UBS has earmarked $1.5bn for pending legal disputes, denting its third quarter profits.

UBS pays €300m to end tax row

2014-07-29 11:15

Switzerland's biggest bank UBS has settled a major tax evasion case in Germany and has agreed to pay a huge penalty.

UBS charged with tax fraud in France.

2014-07-24 11:32

Swiss bank UBS has been charged with tax fraud in Paris for allegedly helping rich French clients to hide money in Switzerland.

UBS sees net profit swell

2014-05-06 11:32

Swiss banking giant UBS has reported surprisingly strong first-quarter net profits, and announced an overhaul of its legal structure to benefit shareholders.

UBS acts over Chinese banker

2014-02-10 15:30

UBS AG has put two bankers on leave as part of an investigation into the hiring of a close relative connected to a potential Chinese corporate client, reports IFR.

Ex-UBS banker wanted in tax probe

2013-10-21 13:21

A former top executive at Swiss bank UBS wanted in the United States for allegedly helping wealthy Americans avoid paying tax was arrested in Italy, says police.

Banks shiver as UBS swallows $885m fine

2013-07-26 13:35

UBS will pay $885m in a settlement with US regulators over allegations the Swiss bank misrepresented mortgage-backed bonds during the housing bubble.

UK union to take postal protest to banks

2013-07-02 20:41

Trade unions opposing the privatisation of the British postal service will hold a protest at the London offices of the banks advising the government on the float.

France widens tax probe of UBS

2013-06-07 11:31

Swiss bank UBS has been placed under investigation for alleged complicity in suspected illegal sales practices, says the French prosecutor's office.

UBS calls for banking reforms

2013-01-09 18:42

Swiss lender UBS says the banking sector "needs to change" after it became "too arrogant" in the run-up to the infamous Libor rate-rigging scandal.

UBS faces $1bn day of reckoning

2012-12-16 23:10

UBS is expected to be hit with a $1bn-plus fine to settle charges of rigging Libor interest rates this week, making it the second bank to be reined in.

UBS to face $1bn Libor rigging fine

2012-12-14 08:35

Swiss bank UBS is expected to pay about $1bn to settle charges of rigging the Libor interest rate benchmark, according to a person familiar with the situation.

UBS posts heavy loss, to cut 10 000 jobs

2012-10-30 09:52

UBS unveiled plans to wind down its fixed income business and fire 10 000 bankers in one of the biggest bonfires of finance jobs since the implosion of Lehman Brothers.

Avusa up as UBS raises price target

2012-06-14 11:36

Takeover target Avusa has gained more than 5% as brokerage house UBS raised the media and entertainment firm's price target.

Citigroup, UBS accused of rate manipulation

2011-12-11 16:02

Japan's securities watchdog has urged that the Japanese arms of Citigroup and US be penalised for trying to manipulate the short-term interest rates for interbank trading.

UBS head not stepping down

2011-09-18 12:08

The head of Swiss banking giant UBS says that he did not feel guilty about the $2bn rogue trading that occurred in his bank and he was not planning to resign over it.

UBS rogue trader loses $2bn

2011-09-15 10:30

Switzerland's UBS says it has discovered unauthorised trading by a trader in its investment bank that caused a loss of about $2bn.

Wall Street probe widens

2010-05-14 15:34

The battery of allegations against Wall Street banks have extended dramatically as some of the world's largest financial firms confirmed they faced criminal investigation.

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