Swiss banking giant UBS has seen its profits plunge 76% in the last quarter of 2011 as its investment banking arm turns loss-making.
As signs point toward a recovery across the pond, we ask industry experts whether the current progress can be maintained...
The FSA has begun a formal enforcement investigation into the rogue trade losses revealed by UBS last September.
A former chief executive officer of UBS AG's wealth management unit who is challenging a £100,000 FSA fine was yesterday accused of failing to control the activities of his team, allowing them to make up to 50 unauthorised trades per day.
The Financial Services Authority (FSA) has banned and fined a former client adviser at UBS AG £150,000 for failing to act with integrity.
UBS has announced its chief risk officer is to leave the company after less than 12 months in the role after the group lost an estimated $2.3bn from rogue trading.
Standard & Poor's has downgraded a raft of US and UK banks including HSBC, Barclays, and Goldman Sachs following an overhaul of its ratings criteria.
Although market volatility is set to remain for the forseeable future, there is no shortage of opportunities, writes Grant Bughman, client portfolio manager of the UBS US Growth fund.