April 2009
UBS to cut 11% of its employees
The world’s largest wealth manager, The Swiss bank UBS, announced huge job cuts a 11 percent of the company’s 76,200 employees in 50 countries. The Swiss bank UBS, which has a financial advising presence in Portland, wants to cut its work force...
UBS axed 240 Jobs in Asia-Pacific Wealth Mgmt group
Swiss bank UBS AG (UBS) is laying off 100 staff in Singapore, which together with Hong Kong as part of efforts to cut costs. The bank is shedding 240 jobs, or about 8% of the work force altogether in Asia Pacific, all from its wealth management group. ...
March 2009
UBS to cut 5,000 management jobs
UBS is a leading global wealth manager, a leading, global investment banking and securities firm, and one of the largest global asset managers. Switzerland’s biggest bank UBS (UBSN.VX) plans to cut up to 5,000 senior and management jobs in the ne...
February 2009
Reason behind UBS $31 billion erroneous orders of convertible bonds in Japan!
Once again UBS is in news but not in US now in Japan. But its not new for UBS. UBS was also involved in two of Japan’s most famous trading blunders in recent memory. 2001: An incorrect sell order by UBS Warburg spoiled the trading debut of Dent...
Should UBS Face US Trial Over Client Names: Troubles?
Handing over the account names would violate Switzerland’s banking secrecy legislation with further termination of the bank’s license to stay in the business. Such violations would expose these [UBS] employees to substantial prison terms, as we...
UBS Will Disclose Names, Pay $780 Million Over US Cross-Border Case!
UBS settles US Cross-Border Case with the US Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) UBS is resolving investigations relating to its US cross-border business by entering into a Deferred Prosecution Agreement (DPA) w...
October 2008
UBS Peter Kurer sets example will earn less than 10 million.
What a leader. UBS will not establish a limit up of the size of salaries, however management will earn less, than before crisis. The head of the Swiss bank has declared it in interview to the Swiss newspaper Blick. In reply to a question, whether rest...
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