UBS cuts year-end Nifty target by 5% to 8,200

Last Updated: Tuesday, September 8, 2015, 22:32

Global brokerage firm UBS has trimmed its Nifty target for December-end by nearly 5 percent to 8,200 from 8,600 earlier on account of slower-than-expected recovery in India's economic growth.

UBS cuts India's growth forecast to 7.1% for FY16

Last Updated: Tuesday, September 8, 2015, 16:13

Swiss brokerage UBS has revised downwards India's GDP growth projection for the current fiscal to 7.1 percent, from 7.5 percent earlier, on account of weaker external demand prospects.

UBS pays $1.7 mn for `apparent` sanctions violations

Last Updated: Friday, August 28, 2015, 02:08

The Swiss bank UBS has agreed to pay US authorities $1.7 million to settle "apparent" violations of rules banning transactions benefiting officially designated terrorists, the Treasury Department said Thursday.

'India, China witness uptrend in mobile banking'

Last Updated: Monday, August 10, 2015, 17:07

Mobile banking has risen significantly in emerging market economies like India and China and the number of such users globally is expected to double in the next four years, a KMPG and UBS research says.

Ex-UBS, Citigroup trader jailed for 14 years for rigging Libor rates

Last Updated: Monday, August 3, 2015, 23:51

A trader who worked for UBS and Citigroup was jailed Monday for 14 years by a London court after becoming the first person to be found guilty by a jury of rigging the benchmark Libor inter-bank lending rate.

Ex-UBS, Citigroup trader convicted in UK of Libor rigging

Last Updated: Monday, August 3, 2015, 20:40

A trader who worked for UBS and Citigroup on Monday became the first person to be convicted by a jury in Britain of rigging the benchmark Libor inter-bank lending rate.

UBS posts 53% rise in second quarter profits

Last Updated: Monday, July 27, 2015, 14:13

Switzerland's largest bank UBS on Monday posted second quarter profits of 1.2 billion Swiss francs ($1.25 billion, 1.1 billion euro), a 53 percent rise over the same period last year, which beat expectations.

UBS posts 53% rise in second quarter profits

Last Updated: Monday, July 27, 2015, 14:13

Switzerland's largest bank UBS on Monday posted second quarter profits of 1.2 billion Swiss francs ($1.25 billion, 1.1 billion euro), a 53 percent rise over the same period last year, which beat expectations.

UBS cuts Nifty target to 8,600 for end of this year

Last Updated: Thursday, June 11, 2015, 19:45

Swiss brokerage major UBS has revised downwards its Nifty target for end of this year to 8,600 from 9,200 earlier as investors are worried about adverse impact on growth/inflation from potential weak monsoons ahead.

Deutsche Bank makes Cryan CEO after Jain, Fitschen resign

Last Updated: Sunday, June 7, 2015, 19:33

Cryan, 54, has been on the bank`s supervisory board since 2013 and was a former chief financial officer of UBS. He will replace Jain from July 1 and become the sole CEO when Fitschen steps down next year, the bank said.

Expect 0.75% more cut by RBI over FY16: UBS

Last Updated: Thursday, June 4, 2015, 20:29

The Reserve Bank is likely to further cut the key lending rate by 75 basis points in the current fiscal despite its hawkish stance, although it may hold the pause button in the next monetary policy review, a UBS report said Thursday.

Most FIIs still overweight on Dalal Street, says UBS

Last Updated: Wednesday, May 20, 2015, 21:12

Most foreign investors are still overweight on domestic market despite the minimum alternate tax (MAT) issue and muted earnings growth, according to Swiss brokerage UBS.