Santander boss Botin defends Orcel CEO offer in court Santander boss Ana Botin has today defended the bank's actions in a court hearing over the withdrawal of an offer more than two years ago ... Business • 19 May
Switzerland's UBS first quarter profit up 14% UBS has today posted a 14% rise in first-quarter net profit on record high client activity levels, but the world's largest wealth manager lost some ... Business • 27 Apr
UBS reaps rich rewards from pandemic trading frenzy UBS has today posted a 137% rise in fourth-quarter net profit, as high levels of client activity helped the world's largest wealth manager end 2020 ... Business • 26 Jan
UBS to close one in five Swiss branches Switzerland's biggest bank UBS said today it will close roughly a fifth of its Swiss branches this quarter and start charging negative rates on clients ... Business • 12 Jan
UBS first European bank to pay out full 2019 dividend UBS shareholders have today approved payment of the second half of its 2019 dividend, making it the first major European bank to pay a full ... Business • 19 Nov 20
Third quarter profit doubles at Swiss bank UBS UBS has posted a 99% jump in third-quarter profit as heavy turnover in global markets helped the bank to a strong performance in investment banking ... Business • 20 Oct 20
Billionaires' riches reach record highs during pandemic The wealth of the world's dollar billionaires reached record heights despite the global coronavirus crisis, notably thanks to a strong comeback by tech and health ... Business • 07 Oct 20
Credit Suisse, UBS favourably placed to handle Covid-19 Economic and financial conditions for the Swiss banking sector have deteriorated markedly due to the Covid-19 pandemic, the Swiss National Bank said today. Business • 18 Jun 20
Profits rise at UBS as wealth division shows resilience The world's largest wealth manager, UBS, has reported a 40% rise in first quarter profit, buoyed by ultra rich clients reshuffling portfolios to cope with ... Business • 28 Apr 20
Swiss bank UBS sticks to 2019 dividend plan UBS Group said it intends to pay its 2019 dividend, despite guidance from Swiss markets supervisor FINMA, the Swiss government and international banking groups to ... Business • 30 Mar 20
Swiss bank UBS posts 16% drop in Q3 net profit UBS, Switzerland's biggest bank, has today posted a $1.049 billion net profit for the third quarter of 2019 as it slims its investment bank and ... Business • 22 Oct 19
UBS beats forecast with €1.25bn net profit for Q2 UBS has beat forecasts with a $1.4 billion net profit for its second quarter of 2019, as gains in its advisory business softened an investment ... Business • 23 Jul 19
7 banks face EU competition fines for forex rigging Barclays, Citigroup, HSBC, JPMorgan and three other banks are set to be fined by EU competition regulators in the coming weeks for rigging the multi-trillion ... Business • 10 May 19
UBS posts Q4 pre-tax profit miss, sees bumpy road ahead UBS has today posted a $862m fourth-quarter pre-tax profit, hit by a slowdown in its flagship wealth management business and weaker earnings in its investment ... Business • 22 Jan 19
Spain's Santander drops Orcel as next CEO, blames pay Banco Santander has said that Italian banker Andrea Orcel would not take over as chief executive after it could not meet his pay expectations, in ... Business • 16 Jan 19
Second quarter profits at UBS beat expectations UBS today posted a net profit of 1.3 billion Swiss franc ($1.31 billion) for the second quarter of 2018, beating analyst expectations. Business • 24 Jul 18
UBS warns of changes & staff moves without Brexit deal UBS will press ahead with plans to relocate London staff to EU offices including Frankfurt, with the investment bank saying the lack of a Brexit ... Business • 09 Mar 18
UBS shareholders set for bigger payout UBS, Switzerland's biggest bank, has proposed an increased dividend and new share buyback programme despite a hefty writedown from a tax overhaul in the US. Business • 22 Jan 18
German banker to become head of UBS wealth management Veteran German banker Martin Blessing will replace Juerg Zeltner as the head of UBS's market-leading wealth management business at the turn of the year, Switzerland's ... Business • 14 Dec 17
UBS CEO says London jobs could go to Frankfurt, Madrid Swiss bank UBS is considering whether to move banking jobs in London to Frankfurt, Madrid or Amsterdam to cope with Britain's planned departure from the ... Business • 10 Jul 17
UBS, Credit Suisse need to draft insolvency plans Switzerland's central bank has told the two big Swiss banks, UBS and Credit Suisse, they still need to draft credible plans for a potential insolvency. Business • 15 Jun 17
Wealth management turnaround boosts UBS A long-awaited turnaround in UBS's wealth management business helped Switzerland's biggest bank deliver its second-best start to a year since the financial crisis. Business • 28 Apr 17
Swiss bourse fines UBS for delayed statement in 2012 Swiss bourse SIX has fined UBS 2 million Swiss francs ($2.01m) for releasing price-sensitive information too late after Switzerland's highest court said it would not ... Business • 19 Apr 17
Switzerland's UBS cuts its bonus pool by 17% UBS cut its bonus pool by 17% in 2016 to 2.9 billion Swiss francs ($2.9 billion) after full-year net profit almost halved at Switzerland's biggest ... Business • 10 Mar 17
UBS turns more optimistic after tough 2016 UBS, the world's biggest wealth manager, today struck a more optimistic tone for 2017 on the back of rising US interest rates as it posted ... Business • 27 Jan 17
