UBS

  • 22 Apr 2014 at 3:57 PM
  • Banks

Breaking: Banks Competing With Each Other

In a revolutionary development, it turns out that each would like the biggest piece of the stock-trading pie possible. Read more »

  • 26 Mar 2014 at 4:03 PM

UBS Tells Three FX Traders To Take Five

…while the firm tries to figure out if the trio engaged in any currency rigging. Read more »

  • 14 Mar 2014 at 4:11 PM

UBS Tried, And Failed, To Rig Hong Kong Interest Rate

…which elicited an utterly delightful response from the bank that sounds a lot like something the parents of a juvenile delinquent would say if it came out that their kid tried to burn down a building but was too high to light the match. Read more »

Back in November, UBS worked out a prettay, prettay, prettay sweet deal for itself re: Libor manipulation. Like many another bank, UBS’s employees had their way with London Interbank Offered Rate. Unlike many other bank, which faced stiff penalties for doing so, the Swiss struck an immunity deal with the EU wherein it paid a relatively small fine and then, in exchange for cooperating with authorities and “turning over information about other banks,” found itself in the clear. Anyway, that worked out so well for UBS last time that it’s decided to take the same approach with a new rate-rigging investigation, and save itself a coupla bucks. Read more »

  • 04 Feb 2014 at 3:12 PM
  • Banks

Bonus Watch ’14: UBS

A rising tide is lifting all boats in Zürich. Read more »

“Life is hard enough, and I think this constant lecturing on ethics and on integrity by many stakeholders is probably the most frustrating part of the equation. Because I don’t think there are many people who are perfect,” Mr. Ermotti said in an interview at the World Economic Forum in Davos, Switzerland. “We are far from being perfect…but it’s not going to be very helpful to be constantly bashing banks.” [...] Mr. Ermotti, a Swiss native who has spent his entire career in the banking industry, said he is growing frustrated with what he sees as some regulators, politicians, shareholders, clients, journalists and rival banks holding UBS to a higher standard than they hold themselves. “When I look around, I don’t think there are many banks that can come to us and say they are the example that should be followed,” he said. Speaking of a broader group of industry “stakeholders,” including regulators and politicians, Mr. Ermotti said: “None of them can be overly critical.” [WSJ]

  • 13 Jan 2014 at 4:31 PM

Bonus Watch ’14: Everyone

Pay predictions for Credit Suisse, Deutsche Bank, Goldman Sachs, JP Morgan, RBS, UBS. Read more »