Ubs

  • NewsAOL

    UBS France in tax evasion probe

    The French subsidiary of UBS has been formally put under investigation in a tax evasion case, the Paris prosecutor's office says. Spokeswoman Agnes Thibault-Lecuivre said the bank is being investigated for complicity in illegal business

  • BusinessAOL

    Ex-UBS traders charged over Libor

    Two former UBS traders have been charged by United States prosecutors in connection with efforts to manipulate Libor interest rates. The move comes after the Swiss bank was fined £940 million by regulators for "extensive and

  • BusinessAOL

    UBS to pay £940m over Libor scandal

    Swiss bank UBS has agreed to pay £940 million to regulators in the biggest penalty yet from the industry's Libor-rigging scandal. The settlement, which includes a record fine of £160 million from the UK's Financial Services Authority,

  • NewsAOL

    UBS fined £29.7m over rogue trader

    Swiss banking giant UBS has been fined £29.7 million by the City watchdog for failings which allowed convicted rogue trader Kweku Adoboli to lose £1.4 billion. The Financial Services Authority (FSA) said procedures, management systems and

  • BusinessAOL

    £1.4bn rogue trader guilty of fraud

    A rogue trader who lost £1.4 billion in bad deals which nearly brought down a major international bank has been found guilty of fraud. At one point during his run of losses, rising star City trader Kweku Adoboli, 32, stood to run up losses of

  • BusinessAOL

    UBS announces 10,000 jobs to be cut

    Banking giant UBS AG has announced that 10,000 jobs are to be cut in a bid to reduce the size of its investment bank. Switzerland's biggest bank said it is "likely to have a headcount of around 54,000" by 2015, down from its

  • BusinessAOL

    Bank's '£227m Facebook trade loss'

    Swiss bank UBS may have lost as much as 350 million dollars (£227 million) because of technical glitches on the US Nasdaq stock exchange the day Facebook went public, according to reports. CNBC and The Wall Street Journal, citing people