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UBS boss quits over trader's loss
World News (12) World Financial (254) Switzerland (173) Business (37) UBS (7)
2012 (2) 2011 (4) 2008 (1)
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UBS plans to cut up to 10,000 jobs
UBS fined $1.5bn for Libor rigging


year 2012 Top ^

Dec.18   Switzerland
  Banking giant UBS has agreed to pay $1.5bn to US, UK and Swiss regulators for attempting to manipulate the Libor inter-bank lending rate
Oct.27   Switzerland
  Switzerland's biggest bank will unveil a split of its struggling investment bank next week in a move that will prompt the loss of up to 10,000 jobs



year 2011 Top ^

Sep.24   Switzerland
  The chief executive of Swiss bank UBS has resigned over an alleged $2.3bn rogue-trading loss
Sep.18   Switzerland UBS unauthorized trade loss now $2.3B
  Swiss banking giant lost more than previously thought due to unauthorized trading, it announced Sunday, putting losses at $2.3 billion
Sep.16   London UBS trader charged with fraud  Kweku Adoboli, the UBS trader alleged to have lost UBS $2bn (1.3bn) in unauthorised trading, has been charged with fraud Sep.15   Switzerland UBS: 'Unauthorized' trades cost us $2 B
  Swiss banking giant UBS discovered that 'unauthorized trading by a trader in its investment bank' has cost it an estimated $2 billion


year 2008 Top ^

Apr.1   Switzerland   UBS doubles sub-prime writedowns
  Swiss financial giant has reported that its writedowns as a result of the sub-prime crisis have more than doubled to about $37bn


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