UBS

321 results about this entity

Period: 20 Sep 2004 - 13 May 2024

Fintech start-ups get chance to wow Wall Street

Financial technology start-ups have been showing off their wares to top executives from Wall Street at the third annual FinTech Innovation Lab 'Demo Day' in New York.

EC charges banks, Isda and Markit in CDS investigation

EC regulators say that 13 investment banks, the International Swaps and Derivatives Association (Isda) and Markit breached antitrust rules by colluding to prevent exchanges from entering the credit derivatives business.

Tradition launches spot FX trading platform

Tradition has launched ParFX, a spot forex trading platform with the backing of 11 major banks, including Barclays and UBS.

Citi files Nasdaq OMX compensation claim over Facebook IPO

Citi has filed a claim with Nasdaq OMX to receive compensation relating to the exchange operator's botched Facebook IPO but has not ruled out further legal action, according to Reuters.

Banks join forces to develop open standard for electronic OTC trading

A group of leading sell-side banks has set up a working group that will focus on the creation of an open industry standard protocol for client and trader enablement on electronic trading platforms.

UBS fined £29.7 million by FSA over rogue trading incident

The UK's Financial Services Authority has fined UBS £29.7 million for serious failings that allowed rogue trader Kweku Adoboli to rack up £1.4 billion in losses from unauthorised trading.

UBS 'rogue trader' Adoboli found guilty of fraud

Kweku Adoboli, the UBS trader accused of running up £1.4 billion of losses in unauthorised trading at Swiss bank UBS, has been jailed for seven years after being found guilty of two counts of fraud.

Sacked UBS bankers turn to drink and Twitter

Turned away from their offices yesterday morning with news that they had been laid off, London-based UBS bankers made their way to Twitter and the pub to bemoan their luck.

UBS plans to cut 2000 IT jobs - report

Swiss bank UBS is planning to axe around 2000 information technology jobs as part of a massive cost-cutting programme, according to local paper TagesAnzeiger.

Nasdaq OMX defends $62m Facebook compensation package

Nasdaq OMX ha defended its proposed $62 million compensation offer to firms affected by the botched Facebook IPO, describing the package, in a letter to the SEC, as "fair and equitable".

Citi slams Nasdaq OMX over Facebook IPO compensation

Citi has written to the Securities and Exchange Commission urging the regulator to dismiss Nasdaq OMX's $62 million compensation offer for its "mishandling" of the Facebook IPO.

UBS launches Quant HQ

Swiss bank UBS has set up a business area, called Quant HQ, offering quantitative trading clients access to its expertise and technology.

UBS threatens Nasdaq OMX legal action as $357m Facebook IPO loss hits Q2 profits

UBS has warned Nasdaq OMX that it could take legal action to recover the CHF349 million ($357 million) it lost thanks to the exchange operator's "gross mishandling" of the Facebook IPO.

US banks outline IT issues in living wills submissions

US regulators have published details of banks' plans for living wills, including information on how the organisations' IT systems will cope if they are shut down or broken up.

UK and Swiss watchdogs launch formal investigations into UBS over trading scandal

UK and Swiss regulators have launched formal proceedings against UBS over the £2.3 billion unauthorised trading loss made at the bank last year.

UBS 'rogue trader' Adoboli pleads not guilty

Kweku Adoboli, the UBS trader who is accused of racking up losses of $2.3 billion through unathorised trading activity at the Swiss bank, has pleaded not guilty to charges of fraud and false accounting at a court hearing in London.

Japanese regulator slams Citi's risk management IT

Citi has been ordered to overhaul its risk management systems by Japan's Financial Services Agency, which has sanctioned the US bank for the way it has tried to sell investment products to retail customers.

UBS chief risk officer Miskovic replaced by predecessor

In the wake of its $2.3 billion trading scandal, Swiss bank UBS has replaced chief risk officer Maureen Miskovic after less than a year in the job.

UBS comes up short; fined $12 million by Finra for 'systemic supervisory failure'

The Financial Industry Regulatory Authority (Finra) has fined UBS Securities $12 million for failing to properly supervise short sales of securities.

UBS admits to breakdown in risk control systems

In the wake of its recent $2.3 billion loss through unauthorised trading, Swiss bank UBS has admitted that internal controls were "not effective".