UBS to pay $545 mn over forex scandal, rivals await fate

Last Updated: Wednesday, May 20, 2015, 17:01

UBS will pay $545 million to US authorities to end an investigation into alleged manipulation of currency rates, a settlement that will help the Swiss bank to move on after a series of trading scandals.

UBS says not fined in currency rigging probe but must pay $342 mn

Last Updated: Wednesday, May 20, 2015, 12:33

Swiss banking giant UBS said Wednesday that the US Department of Justice had dropped charges against it after a probe into currency rigging.

Forex rigging settlements now seen next week

Last Updated: Tuesday, May 12, 2015, 23:41

Five major banks are expected to settle with US and British authorities next week for their role in rigging the foreign exchange market, a source told AFP Tuesday.

UBS net profit surges 88% in first quarter

Last Updated: Tuesday, May 5, 2015, 21:05

Switzerland`s biggest bank UBS reported Tuesday an 88 percent surge in first quarter profits, despite a strong franc, outstripping analysts` forecasts.

UBS cuts Nifty target for Dec-2015 to 9,200 from 9,600

Last Updated: Monday, April 20, 2015, 18:30

Global brokerage firm UBS has cut its Nifty target for December this year to 9,200 from 9,600 amid slower-than-expected recovery in growth.

UBS targets Asia for wealth management growth: Chief executive

Last Updated: Thursday, March 26, 2015, 12:51

UBS AG, the world`s biggest wealth manager, expects Asia Pacific assets to account for as much as 30 percent of the funds it oversees within the next 10 years, the Swiss bank`s chief executive said.

France issues warrants for UBS managers in tax fraud case

Last Updated: Tuesday, February 17, 2015, 17:59

French judges on Tuesday issued arrest warrants for three former managers at Swiss bank UBS over allegations it helped customers hide money from the taxman in Switzerland.

UBS whistelblower Birkenfeld lodges request for return to Europe

Last Updated: Tuesday, December 23, 2014, 08:00

Ex-UBS banker Bradley Birkenfeld, a whistleblower in a tax fraud case involving the Swiss bank for which he was awarded $104 million after serving more than two years in prison, has lodged a request to be allowed to return to Europe.

Housing finance firms gain after UBS upgrade

Last Updated: Friday, December 19, 2014, 13:15

UBS upgrades Housing Development Finance Corpand Indiabulls Housing Finance.

Impact of Aadhaar, GST & rail DFC to be significant, lasting: UBS

Last Updated: Thursday, January 16, 2014, 14:25

Upcoming general elections will remain a key driver for Indian markets during the first half of 2014, but some ongoing reform measures would bear fruit irrespective of the party coming to power, UBS has said.

Swiss banks look to job cuts to absorb US tax pressure: Poll

Last Updated: Thursday, January 9, 2014, 21:19

Swiss banks look set for new job cuts this year, despite ever-rosier figures, amid rising regulatory pressure and a US clampdown on tax-dodgers, consultants EY said today.

Ex-UBS banker pleads not guilty in major tax fraud case

Last Updated: Wednesday, January 8, 2014, 02:01

A former high-ranking UBS banker charged with helping Americans dodge taxes through secret Swiss bank accounts pleaded not guilty on Tuesday to fraud conspiracy charges linked to a U.S. tax evasion investigation that shook Swiss banking to the core.