Tag: UBS

• Saturday, September 24th 2011 - 21:45 UTC

  Major purge in UBS; main shareholder Singapore fund demands tighter controls

  

  Swiss bank UBS's Chief Executive Oswald Gruebel resigned, shouldering the blame after its scandal-hit investment banking business lost 2.3 billion dollars in alleged rogue trading.

• Friday, September 16th 2011 - 06:56 UTC

  Police in London arrest suspect linked with 2bn dollars rogue trades at UBS

  

  Police in London have arrested a 31-year-old man in connection with allegations of unauthorised trading which has cost Swiss banking group UBS an estimated 2bn dollar (£1.3bn).

• Wednesday, August 17th 2011 - 07:36 UTC

  Sao Paulo, Rio, Caracas and Bogotá most expensive cities in South America

  

  The Brazilian cities of Sao Paulo (19) and Rio do Janeiro (26), together with the Venezuelan capital Caracas (47) and Bogotá (57) Colombia, figure among the most expensive cities in Latin America, according to a bi-annual rating from the Swiss bank, UBS.

• Friday, May 14th 2010 - 04:05 UTC

  US Looking into Possible Banks-Credit Rating Agencies Collusion

  

  Eight banks are facing a US investigation into the rating of their mortgage products, the BBC understands. New York Attorney General Andrew Cuomo is looking at whether the relationship between the banks and credit rating agencies was manipulated to gain better ratings for risky securities.