Swiss central bank hard hit by gold price fall

Last Updated: Monday, January 6, 2014, 23:34

Switzerland's central bank said on Monday that it lost billions in 2013 amid a sharp drop in gold prices and that it therefore would not pay dividends to Bern or the Swiss cantons.

US judge grants ex-UBS banker $9 mn bail

Last Updated: Tuesday, December 17, 2013, 05:22

A US judge Monday freed a former UBS executive on USD 9 million bail while he awaits trial on charges that he helped Americans avoid millions in US taxes, his attorney said.

'40% of Middle East's UHNW wealth held by 157 billionaires'

Last Updated: Monday, December 9, 2013, 16:11

As much as forty percent of the Middle East's ultra high net worth (UHNW) wealth is being held by the region's billionaires, while in Europe it is 28 percent, in North America 22 percent and in Asia 18 percent.

UBS sets Nifty target at 6,900 for 2014

Last Updated: Thursday, December 5, 2013, 10:13

The investment bank adds tapering is not a big fundamental worry for India, but a depreciating rupee may yet be a likely trend.

'Avg age of India's super rich 63 yrs; China youngest at 53'

Last Updated: Tuesday, November 19, 2013, 16:01

According to the Wealth-X and UBS Billionaire Census 2013, the average age of China's 157 billionaires is nine years younger than the global average.

`Avg age of India`s super rich 63 yrs; China youngest at 53`

Last Updated: Tuesday, November 19, 2013, 15:34

At 53 years, China`s billionaires are the youngest in the world, while the average age of India`s super rich people is 63 years, a year older than the global average of 62, says a report.

UBS downgrades India to 'neutral', upgrades China on reforms

Last Updated: Monday, November 18, 2013, 10:26

UBS downgrades India to "neutral" from "overweight" and upgrades China to "overweight", saying Plenum reforms will likely cause China to outperform Asia ex-Japan for the next few months.

iGate bags multi-year deal from UBS

Last Updated: Wednesday, November 6, 2013, 19:19

IT firm iGATE Wednesday said it has secured a multi-year contract from UBS AG to provide financial instrument data services worldwide for the global financial services firm.

UBS disappoints despite profit boost

Last Updated: Tuesday, October 29, 2013, 23:14

The bank, which is in the midst of a massive restructuring after turmoil during the financial crisis, posted a third-quarter net profit of 577 million Swiss francs (USD 644 million), from a 2.1-billion-franc loss a year earlier.

Cost of banking clean-up hits Deutsche and UBS anew

Last Updated: Tuesday, October 29, 2013, 16:02

The cost of cleaning up the banking industry dominated third-quarter results from Deutsche Bank and UBS on Tuesday, with both banks taking unexpected hits for potential legal costs that overshadowed their day-to-day performance.

UBS disappoints despite profit boost

Last Updated: Tuesday, October 29, 2013, 15:14

Swiss banking behemoth UBS said on Tuesday it had swung into profit in the third quarter, but missed analyst expectations and a regulator said it must strengthen its balance sheet.

Nasdaq filed for $42mn stock loss from Facebook's disastrous 2012 IPO

Last Updated: Sunday, October 27, 2013, 20:01

The compensation plan administrated by Finra, is giving interested parties seven days to agree to the offer and 14 days to submit in writing that they will waive any additional lawsuits against Nasdaq.