Ubs
latest news & developments
The great untethering and the airlines’ flat spin
If record vinyls and iTunes can co-exist in the Technological Age, Wi-Fi will allow ocean liners a slice of the airlines’ global travel monopoly
How a rogue trader crashed UBS
The alleged rogue trades have killed any remaining ambitions UBS might have to compete with the titans of Wall Street.
New UBS boss seeks fresh start after trading scandal
The new interim boss of UBS has been charged with reorganising its investment bank, a task which will take two to three years to complete.
UBS chief shoulders blame for ‘trading incident’
UBS’s chief executive Oswald Gruebel resigned on Saturday, taking the blame after its banking business lost $2.3-billion in alleged rogue trading.
UBS head not resigning over $2-bn fraud
Swiss banking giant UBS’s boss does not feel guilty about the $2-billion rogue trading that occurred in his bank and isn’t resigning.
$2-bn UBS fraud scandal could see forced resignations
Pressure is mounting on bosses of Swiss bank giant UBS to quit for failing to prevent a $2-billion trading loss.
We really do want clean, green products
Ethical consumerism is on the rise. Do ethical companies really trump the rest? Research suggests they do, and investors want to follow the money.
Swiss feel the heat on banking secrecy
Switzerland was feeling the heat on banking secrecy on Friday after the US stepped up its high-stakes tax probe against the biggest Swiss bank, UBS.
Oil races above $135, stocks and bonds shudder
Record high oil prices at a barrel deepened worries about inflation on Thursday and weighed on some Asian stocks although Japanese shares ended slightly higher, as dealers…
UBS to slash 5 500 jobs as it sells down subprime
UBS will cut 5 500 jobs in one the biggest purges seen so far in the financial markets crisis, as the Swiss wealth-management titan slashes at the investment bank that plunged it…
World stocks rally, oil near $120 a barrel
Increasing confidence that the worst of the credit crisis is over boosted world stocks on Monday while inflation concerns grew with oil prices heading towards a barrel. Investors…
Oil sets yet another record
Oil set a record above a barrel on Thursday as a drop in United States gasoline inventories raised concern of tighter supply and a weak dollar boosted investor demand for…
Botswana marks peaceful transfer of power
Seretse Khama Ian Khama was inaugurated as Botswana’s President on Tuesday, inheriting a rare political and economic success story. Just next door, millions of Zimbabweans…
Zuma needs more than charm to calm unease
A charm offensive by Jacob Zuma may not be enough to dispel deep investor anxiety over whether he will be able to take charge of Africa’s biggest economy, even though he has won…
Carlyle Capital in default, on brink of collapse
An affiliate of United States-based buyout firm Carlyle Group has defaulted on about ,6-billion of debt and expects its lenders to seize remaining assets as the global credit…