The Local Switzerland

UBS reveals lofty bonuses despite losses

Fri, 15 Mar 2013 09:44:00 +0100

UBS is coming under fire after significant payouts and bonuses for top brass were divulged for 2012 despite the bank’s 2.5-billion-franc loss.

Head of German bourse nominated to UBS board

Tue, 12 Mar 2013 11:52:00 +0100

Swiss banking giant UBS is nominating German stock market chief Reto Francioni to its board after the former head of Lufthansa, Wolfgang Mayrhuber, opted not to stand for reelection.

UBS fined in UK for investment fund debacle

Tue, 12 Feb 2013 19:59:00 +0100

Britain's financial watchdog on Tuesday handed UBS a £9.45-million ($14.7-million) fine for exposing investors to unacceptable risk when it sold an AIG investment fund.

Money-losing UBS under fire for lavish bonuses

Wed, 06 Feb 2013 12:10:00 +0100

Switzerland’s largest bank is facing criticism for handing out 2.5 billion francs in bonuses to its top managers after posting a net loss for around the same amount in 2012.

UBS tightening controls after Libor scandal

Sun, 23 Dec 2012 23:44:00 +0100

Swiss banking giant UBS, hit with massive fines for manipulating global interest rates, has learned its lesson and is improving its control mechanisms, its chairman Axel Weber insisted in an interview published on Sunday.

Germans pursue UBS clients over tax evasion

Mon, 12 Nov 2012 22:29:00 +0100

German authorities on Monday launched nationwide raids on suspected tax evaders in connection with a probe into several hundred Germany-based clients of Swiss bank giant UBS, a local prosecutor told AFP.

Germany probes UBS over tax evasion

Thu, 08 Nov 2012 21:46:00 +0100

Authorities in south-western Germany are investigating the German branch of Swiss banking giant UBS over suspicion of aiding tax evasion.

UBS expects ex-Bundesbank chief Weber to be next chairman

Fri, 01 Jul 2011 13:13:00 +0200

Swiss banking giant UBS said on Friday it intends to appoint former German central bank chief Axel Weber as its next chairman, saying that he will be nominated to the board in 2012 and take the post in 2013.