Latest UBS Headlines
All the headlines from our UBS Topic Page, ordered by recency.
Conn. High Court Reinforces Protections for Private Sector Whistleblowers
Oct 6 2015 // Connecticut’s highest court made it easier for private sector workers to bring whistleblower claims against their employers without fear of retaliation, ruling in a case brought by a former UBS AG real estate...
Dhanin’s CP Group Pledges 880.2 Million Ping An Shares to UBS
Nov 12 2013 // Charoen Pokphand Group Co., the largest stockholder in Ping An Insurance Group Co., pledged about 880.2 million Hong Kong-listed shares in China’s second- largest insurer to UBS AG to back financing. CP Group’s...
Sources Say UBS Was Mystery Lender for Thai Group’s Ping An Deal
Apr 5 2013 // The mystery lender behind a Thai billionaire’s $9.4 billion purchase of a stake in China’s No.2 insurer was UBS, which offered the region’s fourth largest bridge loan ever and a complex financing package...
RBS Fined $612 Million for Libor Rate Rigging
Feb 7 2013 // Royal Bank of Scotland will pay $612 million to U.S. and British authorities to settle allegations it manipulated benchmark interest rates, and regulators warned there is more to come in the global investigation. RBS...
Commentary: UBS and Too-Big-to-Punish – James Saft
Dec 27 2012 // As well as too-big-to-fail it looks as if we must think of our largest banks as too-big-to-punish as well. After comments from top U.S. Justice Department officials in the wake of the $1.5 billion settlement with UBS over...
Lawsuits Cast Darker Shadow Over Banks Than Libor Fines
Dec 21 2012 // While banks appear to be brushing off record fines for rigging interbank interest rates, investors are starting to worry about a rising tide of civil lawsuits from disgruntled customers. UBS shares touched 18 month highs...
UBS Admits Fraud in Libor Rigging Scheme; To Pay $1.5 Billion Fine
Dec 19 2012 // Swiss bank UBS swallowed a $1.5 billion fine and admitted to fraud on Wednesday after a global probe revealed its staff orchestrated the manipulation of benchmark interest rates over three continents. UBS traders colluded...
Recession, Libor, Facebook Punish Europe’s Banks
Aug 1 2012 // Leading European banks reported dismal profits on Tuesday, blaming everything from the continent’s debt crisis and Spain’s property market crash to Facebook’s disastrous stock market debut. Within a space...
MBIA Reportedly Ready to Settle with UBS Over Restructuring
Mar 16 2012 // UBS AG has agreed to settle litigation against MBIA Inc. that challenged the bond insurer’s 2009 restructuring, people familiar with the matter said on Thursday. The UBS settlement calls for credit-default swaps to...
Most of $19.9 Billion Madoff vs JPMorgan Case Tossed
Nov 2 2011 // A federal judge threw out most of a $19.9 billion lawsuit against JPMorgan Chase & Co and a $2 billion case against UBS AG by the trustee seeking money for victims of epic swindler Bernard Madoff’s fraud. The...
New Swiss Bonus Rules Target Big Banks and Insurers
Nov 11 2009 // Switzerland’s largest banks and insurers will have to defer the bulk of managers’ bonuses and better match pay to performance under new rules aimed at curbing risky investments. Swiss financial regulator FINMA...
New UBS Chairman Villiger Resigns from Swiss Re’s Board
Mar 5 2009 // Swiss Re announced that following Kaspar Villiger’s nomination for election as Chairman of the UBS Board of Directors he will resign as a member of Swiss Re’s Board of Directors with effect from from March 13,...
Montana Obtains $4.5 Million for Victims of Davison Ponzi Scheme
Dec 8 2006 // Montana State Auditor John Morrison and UBS Financial Services (formerly PaineWebber) have reached a settlement to provide more than $4.5 million in restitution to the victims identified in the Auditor’s action...
UBS to Purchase PaineWebber Group
Jul 13 2000 // UBS AG will buy brokerage PaineWebber Group Inc. for $10.8 billion, giving No. 1 Swiss bank access to millions of wealthy U.S. investors. The deal values PaineWebber, the No. 4 U.S. brokerage, at $73.50 a share, and...
