UBS

UBS US equities manager Lawrence Kemp has left the firm.

London's financial sector will slash 13,000 jobs next year, and bring job levels to a 20-year low in 2014, according to a forecast study.

Mining stocks and oil giant BP provided a lift for London's FTSE 100 today as a huge storm hit the eastern United States, keeping Wall Street closed for a second day.

Banking giant UBS could cut thousands of jobs in London and a total of 10,000 worldwide as part of a plan to split its operations.

UBS Asset Management is to close its US 130/30 Equity fund, as well its Asian Equity fund, due to the uneconomical size of both portfolios.

Projit Chatterjee, co-portfolio manager of the UBS Emerging Markets Equity Income fund, tells Joanna Faith what has helped and hindered his recent performance.

Analysts have suggested the rest of October will be a 'make or break' period for US equity markets as companies continue to report their Q3 earnings.

ON NORTH AMERICA

UBS Global Asset Management has launched RDR ready commission free share classes as part of a wider push into the UK retail market.

UBS turned a blind eye when traders broke the bank's own internal rules, as long as they made a profit for the bank, the lawyer defending 'rogue trader' Kweku Adoboli has argued.