GenevaLunch » UBS http://genevalunch.com Community Newspaper Online Sun, 27 May 2012 09:11:36 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://creativecommons.org/licenses/by-nc-nd/3.0/ Copyright © GenevaLunch 2010 editor@genevalunch.com (GenevaLunch) editor@genevalunch.com (GenevaLunch) http://genevalunch.com/wp-content/plugins/podpress/images/powered_by_podpress.jpgGenevaLunchhttp://genevalunch.com 144 144 Community Newspaper Online GenevaLunch GenevaLunch editor@genevalunch.com no no Swiss bank surveillance gets tougherhttp://genevalunch.com/blog/2012/05/23/swiss-bank-surveillance-gets-tougher/ http://genevalunch.com/blog/2012/05/23/swiss-bank-surveillance-gets-tougher/#comments Wed, 23 May 2012 16:08:34 +0000 Ellen Wallace http://genevalunch.com/?p=70464 GenevaLunch.com BERN, SWITZERLAND – The Swiss financial surveillance body Finma will be keeping a closer eye on Swiss banks, particularly the two big banks UBS and Credit Suisse, under rules approved by the governing Federal Council Wednesday 23 May. Finma will work more closely with corporate auditors and strengthen its field team with the goal of [...]

Swiss bank surveillance gets tougher © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/05/23/swiss-bank-surveillance-gets-tougher/feed/ 0 Business: UBS profits down 54%, Swisscom takes a dip (update)http://genevalunch.com/blog/2012/05/02/business-ubs-profits-down-54-swisscom-takes-a-dip-update/ http://genevalunch.com/blog/2012/05/02/business-ubs-profits-down-54-swisscom-takes-a-dip-update/#comments Wed, 02 May 2012 08:11:40 +0000 Ellen Wallace http://genevalunch.com/?p=69765 GenevaLunch.com Investors see the silver lining in UBS’s gray cloud ZURICH, SWITZERLAND – Switzerland’s largest bank, UBS, turned in a glum first quarter financial report 2 May, showing a net profit of CHF828 million, down by 54 percent compared to the same period a year earlier. An accounting charge led to a loss at the investment [...]

Business: UBS profits down 54%, Swisscom takes a dip (update) © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/05/02/business-ubs-profits-down-54-swisscom-takes-a-dip-update/feed/ 0 When the heat is on, police catch bank robbershttp://genevalunch.com/blog/2012/04/26/when-the-heat-is-on-police-catch-bank-robbers/ http://genevalunch.com/blog/2012/04/26/when-the-heat-is-on-police-catch-bank-robbers/#comments Thu, 26 Apr 2012 04:55:14 +0000 Ellen Wallace http://genevalunch.com/?p=69485 GenevaLunch.com GENEVA, SWITZERLAND – Bank and gas station robberies have become more frequent in western Switzerland in recent months, and police have stepped up efforts to catch them. Canton Valais’s operation Cobra bore fruit early Wednesday 25 April after a night-long mountain forest manhunt near the resort of Crans-Montana, with a dragnet that involved 200 police [...]

When the heat is on, police catch bank robbers © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/04/26/when-the-heat-is-on-police-catch-bank-robbers/feed/ 0 Swiss trader loses typo case over millions, to JP Morganhttp://genevalunch.com/blog/2012/03/27/swiss-trader-loses-typo-case-over-millions-to-jp-morgan/ http://genevalunch.com/blog/2012/03/27/swiss-trader-loses-typo-case-over-millions-to-jp-morgan/#comments Tue, 27 Mar 2012 16:35:54 +0000 Paula Dupraz http://genevalunch.com/?p=68271 GenevaLunch.com GENEVA. SWITZERLAND – A Swiss-based currency trader, Kai H, lost a case Monday 26 March where he claimed investment bank JP Morgan owed him millions. He sought 10 times what the bank said it promised to pay him when it hired him in 2010. The trader filed the claim in London’s Queens Court division of [...]

Swiss trader loses typo case over millions, to JP Morgan © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/03/27/swiss-trader-loses-typo-case-over-millions-to-jp-morgan/feed/ 0 UBS pay details come as parliament agrees on initiative to curb excesses (update)http://genevalunch.com/blog/2012/03/15/ubs-pay-details-come-as-parliament-agrees-on-initiative-to-curb-excesses/ http://genevalunch.com/blog/2012/03/15/ubs-pay-details-come-as-parliament-agrees-on-initiative-to-curb-excesses/#comments Thu, 15 Mar 2012 13:46:04 +0000 Ellen Wallace http://genevalunch.com/?p=67730 GenevaLunch.com Thomas Minder popular initiative to vote on too-high pay deals now has counter-proposal Logitech’s new CEO to get hefty shares deal, but company provides details ZURICH, SWITZERLAND – Switzerland’s largest bank UBS paid US brokerage head Robert McCann close to CHF9.2 million lin 2011, making him the highest paid employee in the company, with chief [...]

UBS pay details come as parliament agrees on initiative to curb excesses (update) © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/03/15/ubs-pay-details-come-as-parliament-agrees-on-initiative-to-curb-excesses/feed/ 0 UBS investment banking losses cut into profitshttp://genevalunch.com/blog/2012/02/07/ubs-investment-banking-losses-cut-into-profits/ http://genevalunch.com/blog/2012/02/07/ubs-investment-banking-losses-cut-into-profits/#comments Tue, 07 Feb 2012 10:23:28 +0000 Ellen Wallace http://genevalunch.com/?p=66346 GenevaLunch.com ZURICH, SWITZERLAND – UBS, Switzerland’s largest bank, posted a full-year net profit of CHF4.23 billion, compared to CHF7.5b in 2010. The bank’s revenues were up in some areas and new money under management grew strongly, up CHF42.4 billion for the year, showing a turnaround in consumer confidence. But profits were hurt by fourth quarter losses [...]

UBS investment banking losses cut into profits © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/02/07/ubs-investment-banking-losses-cut-into-profits/feed/ 1 Swiss investigation into possible bank lending rate fixing is latest in a stringhttp://genevalunch.com/blog/2012/02/04/swiss-investigation-into-possible-bank-lending-rate-fixing-is-latest-in-a-string/ http://genevalunch.com/blog/2012/02/04/swiss-investigation-into-possible-bank-lending-rate-fixing-is-latest-in-a-string/#comments Sat, 04 Feb 2012 09:57:41 +0000 Ellen Wallace http://genevalunch.com/?p=66271 GenevaLunch.com BERN, SWITZERLAND – Comco, Switzerland’s competition commission, has opened an investigation into more than 10 international banks and companies and the country’s two largest, UBS and Credit Suisse, for possible “collusion between derivative traders [that] might have influenced the reference rates Libor and Tibor. Furthermore, market conditions regarding derivative products based on these reference rates [...]

Swiss investigation into possible bank lending rate fixing is latest in a string © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/02/04/swiss-investigation-into-possible-bank-lending-rate-fixing-is-latest-in-a-string/feed/ 0 Regulators reported to be ready to go after UBS in trade scandalhttp://genevalunch.com/blog/2012/01/30/regulators-reported-to-be-ready-to-go-after-ubs-in-trade-scandal/ http://genevalunch.com/blog/2012/01/30/regulators-reported-to-be-ready-to-go-after-ubs-in-trade-scandal/#comments Mon, 30 Jan 2012 11:57:58 +0000 Ellen Wallace http://genevalunch.com/?p=66127 GenevaLunch.com ZURICH, SWITZERLAND – UK and Swiss banking regulators are reported by the Wall St Journal to be planning to fine Swiss bank UBS for shortcomings in supervising risky trades. The newspaper cites “people close to the situation”, noting that regulators from the two countries will complete their investigations by mid-February into the $23. billion loss [...]

Regulators reported to be ready to go after UBS in trade scandal © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/01/30/regulators-reported-to-be-ready-to-go-after-ubs-in-trade-scandal/feed/ 0 UBS among 16 banks downgraded by S&P’shttp://genevalunch.com/blog/2011/11/30/ubs-among-16-banks-downgraded-by-sps/ http://genevalunch.com/blog/2011/11/30/ubs-among-16-banks-downgraded-by-sps/#comments Wed, 30 Nov 2011 12:44:22 +0000 Ellen Wallace http://genevalunch.com/?p=64270 GenevaLunch.com Stock markets down on gloomy news ZURICH, SWITZERLAND – Standard & Poor’s applied new credit rating standards to 37 of the world’s largest banks 30 November, which resulted in the downgrading of a number of major banks, for different areas of their businesses. Seven of eight US banks on the list were downgraded. China Construction [...]

UBS among 16 banks downgraded by S&P’s © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2011/11/30/ubs-among-16-banks-downgraded-by-sps/feed/ 0 Swiss president: single agreement with US should cover past, futurehttp://genevalunch.com/blog/2011/11/28/swiss-president-says-single-agreement-with-us-should-cover-past-future/ http://genevalunch.com/blog/2011/11/28/swiss-president-says-single-agreement-with-us-should-cover-past-future/#comments Mon, 28 Nov 2011 20:24:40 +0000 Ellen Wallace http://genevalunch.com/?p=64168 GenevaLunch.com Swiss president says concern over legality of UK, German deals is EC’s “internal” problem GENEVA, SWITZERLAND – Switzerland is looking for an agreement with the US that will draw a line on the past, where banks and US tax fraud or evasion is concerned, Swiss President Micheline Calmy-Rey said Monday 28 November. It should include [...]

Swiss president: single agreement with US should cover past, future © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2011/11/28/swiss-president-says-single-agreement-with-us-should-cover-past-future/feed/ 0