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UBS CEO Sergio Ermotti eyes 'new chapter' for the Swiss bank

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

Martin Blessing may now be in pole position to succeed UBS CEO Sergio Ermotti

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 biggest bank said.

Business • 14 Dec 17

Sergio Ermotti, the CEO of Swiss bank UBS, says he is looking at Frankfurt, Madrid and Amsterdam

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 European Union, its CEO Sergio Ermotti said.

Business • 10 Jul 17

The Swiss National Bank oversees the stability of Switzerland's financial system

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

UBS CEO Sergio Ermotti says Brexit could pose a threat

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

The fine related to UBS's announcement of a strategy change in October 2012

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 consider an appeal by the bank.

Business • 19 Apr 17

UBC CEO Sergio Ermotti saw his bonus for last year fall by 5.2%

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 bank.

Business • 10 Mar 17

UBS said its 2016 net profit fell to 3.3 billion Swiss francs from 6.2 billion in 2015

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 a 47% fall in full-year net profit.

Business • 27 Jan 17

UBS chair Axel Weber said the bank would 'wait and see where the dust settles' post-Brexit

UBS not planning quick changes to London operation

Swiss bank UBS will not make any changes to its London operations any time soon in the wake of Britain's vote to leave the European Union, the bank's chair of its board of directors Axel Weber has said.

Business • 16 Nov 16

UBS said its pre-tax profit for the three months to September rose 11% year on year to 877 million Swiss francs

UBS ups reserves for US mortgage case

UBS increased reserves for penalties tied to mis-selling residential mortgage-backed securities by more than $400m to $1.405 billion as it posted an 11% rise in third-quarter pre-tax profit today.

Business • 28 Oct 16

UBS has a total of $1,737.5 billion of assets under management

UBS is still the world's biggest private bank

UBS kept its ranking as the world's biggest private bank last year, a study by wealth management researcher Scorpio Partnership showed today.

Business • 14 Jul 16

The UBS policy aims to give bankers more flexible hours without colleagues having to pick up too much slack

UBS/Credit Suisse bid to improve work-life balance

Investment bankers at UBS can now take at least two hours of "personal time" a week in the latest attempt by a bank to retain staff with a better work-life balance.

Business • 02 Jun 16

Deutsche Bank said it noted the decision and that all tax and national insurance relating to the scheme had already been paid

Banks' scheme to avoid bonus tax ruled unlawful

The UK Supreme Court has ruled a "contrived" scheme used by Deutsche Bank and UBS to allow the banks and their bankers to escape £135m (€174m) in tax on bonuses was unlawful.

Business • 09 Mar 16

Belgium has charged Swiss banking giant UBS with 'serious and organised' fiscal fraud

UBS charged with 'serious' fiscal fraud in Belgium

Belgium today charged Swiss banking giant UBS with "serious and organised" fiscal fraud for encouraging clients to cheat on their taxes, as well as being involved in money laundering.

Business • 26 Feb 16

UBS 'stayed close to clients in a very challenging environment,' its CEO Sergio Ermotti said

Third quarter results at UBS beat forecasts

UBS today posted a bigger than expected year-on-year rise in third-quarter net profit in part thanks to a tax benefit, while announcing a raft of changes to top management.

Business • 03 Nov 15

UK's Barclays fired eight employees as part of its settlement

Global banks plead guilty on rate rigging

Authorities have fined five of the world's largest banks, including JP Morgan Chase & Co and Citigroup, roughly $5.7 billion.

Business • 20 May 15

Switzerland's biggest bank posted its highest quarterly profit in nearly five years

UBS quarterly results beat expectations

UBS said it is in advanced talks with the US Department of Justice to settle allegations of foreign exchange market rigging.

Business • 05 May 15

Switzerland's biggest bank said today net profit for the fourth quarter was higher than expected

UBS in warning over impact of rise in Swiss franc

UBS Group has warned over the impact of the surging Swiss franc and negative interest rates in Switzerland and the euro zone.

Business • 10 Feb 15

UBS said id didn't not suffer any losses overall in its trading business after the move to scrap the franc's currency cap

UBS did not suffer trading losses after franc move

UBS did not suffer any losses overall in its trading business after the Swiss National Bank's (SNB) decision to abandon its currency cap, the bank said today.

Business • 23 Jan 15

Even for the ultra rich, the privacy of a family holiday on a yacht is a very special treat - UBS

World's ultra-rich getting much richer - UBS

A bare 0.004% of the world's adult population controls nearly $30 trillion in assets, 13% of the world's total wealth, according to a new study today.

Business • 21 Nov 14

The fines relate to the rigging of the $5 trillion-a-day foreign exchange markets

Regulators fine global banks $3.4 billion

Five of the world's biggest banks are to pay fines totalling £2 billion after regulators today lifted the lid on the latest scandal to hit the banking industry.

Business • 12 Nov 14

A probe was launched after a former UBS employees blew the whistle

UBS charged with tax fraud: judicial source

Swiss bank UBS was charged with tax fraud in Paris after being placed under investigation for allegedly helping rich French clients hide money in Switzerland, a judicial source said.

Business • 23 Jul 14

WEKO opens probe into Swiss, UK and US banks over potential collusion to manipulate foreign exchange rates

Swiss competition authority opens probe

Switzerland's competition commission said it had opened an investigation into several Swiss, UK and US banks over potential collusion to manipulate foreign exchange rates.

Business • 31 Mar 14

UBS said its net profit for the fourth quarter stood at 917 million Swiss francs

UBS profit beats forecasts after big tax benefit

Switzerland's UBS today reported a larger than expected fourth-quarter profit, bolstered by a big tax benefit and a slimmed down investment bank.

Business • 04 Feb 14

Third quarter results see UBS swing back into profit

UBS to delay key earnings target by a year

Swiss bank UBS said today it would defer a key earnings target by at least a year because of temporary demands to hold extra capital.

Business • 29 Oct 13