UBS

Swiss investment bank UBS has warned the UK will lose the "safe haven" status it has enjoyed this year as the US attracts more investors.

ON EMERGING MARKETS

A senior executive at UBS has challenged a fine from the Financial Services Authority (FSA) in a tribunal today.

Swiss banking giant UBS surprised analysts this morning with better than expected profits in Q3 despite the high profile tradng scandal which cost it CHF1.8bn (£1.3bn).

ON THE US

Brian Gallagher, manager of the £22m UBS Equity Income fund, has left the firm, with his fund handed over to Edward Peter-Hoblyn and Richard Lloyd.

The ETF market is the latest segment of the industry to ask itself this question. It is a path which in the last decade has been trodden by the structured investments and split capital investment trust sectors.

Oswald Gruebel, the chief executive of Swiss bank UBS, has resigned over an alleged £1.5bn ($2.3bn) rogue trading loss.

ON UK GROWTH

Swiss banking giant UBS has raised its estimate of the losses allegedly caused by rogue trader Kweku Adoboli to $2.3bn (£1.5bn).