Switzerland: UBS Examined
317362
The countryâs banking regulator is planning to find out how UBS racked up $10 billion in write-downs related to the subprime lending problems in the United States. âWe have to look how the situation got so farâ into a loss, a spokesman for the Federal Banking Commission, Alain Bichsel, said. âItâs our job.â On Dec. 10, UBS announced the largest subprime write-downs by any European bank and said it would raise $16.8 billion to improve its financial strength. Mr. Bichsel said that the bankâs response to the losses was âvery goodâ and that UBS would not face an âinvestigation in the legal sense.â There is no evidence of any wrongdoing by UBS, Europeâs largest bank by assets, he added. A spokesman for UBS, Serge Steiner, declined to comment.
58003
UBS (NYSE:UBS) led European shares on a roller-coaster ride on Thursday when growing fears that losses at ailing bond insurers would pummell the banking sector capped the worst yet January for European stock markets.
119031
The Swiss-based banking group UBS was cautious over the outlook for its investment bank after a lull in trading crimped its third-quarter profit.
451413
Financial regulators on Thursday asked prosecutors to investigate allegations that UFJ Holdings Inc.&#39;s banking unit illegally obstructed recent inspections by reporting misleading information about its nonperforming loans.
719318
Swiss bank UBS has revealed $26.6  billion in exposure to risky U.S. mortgages distinct from  subprime loans, increasing its vulnerability to the global  credit crisis and sending its shares sharply lower.
155039
UBS is reportedly facing shareholder opposition to a huge injection of funds from Singapore and the Middle East to help the Swiss banking giant overcome the US subprime mortgage meltdown.
560499
Business & money: Swiss bank suspends 'handful' of traders suspected of overvaluing asset-backed securities
493474
Bear Stearns Cos  is being investigated by Massachusetts securities regulators over whether the bank improperly traded with two in-house hedge funds that collapsed last summer, the Wall Street Journal reported on Friday.
626254
UBS, Europeâs largest bank by assets, was accused by Massachusetts regulators of âdishonest and unethicalâ practices in dealings with hedge fund advisers.
12832
UBS, the largest Swiss bank, said Wednesday that it would write off $14 billion in exposure to the troubled U.S. housing market and post a net loss for 2007.
172779
Swiss bank UBS seeks backing to sell stakes in the firm as it tries to assess the impact of the US sub-prime crisis
296782
Switzerland's largest bank, UBS, on Tuesday said it had suffered a loss of 830 million Swiss francs (495 million euros, 713 million dollars) in the third quarter after its results were hit by the crisis in the US home loans market.
293797
Switzerland's largest bank, UBS, confirms it may face legal action from US federal regulators for possible breaches of securities law.
544052
The Swiss public prosecution service, which blocked billions of dollars of assets belonging to Russian oil giant Yukos, is itself being investigated for breaching confidentiality, the Neue Zuercher Zeitung newspaper said.
304882
Deutsche Bank - is being investigated on suspicion it may have manipulated its balance sheet, the AFP news agency has reported.
36594
A suit brought by the New York Attorney General against UBS, accusing its U.S. brokerage of defrauding customers, could harm the wealth management industry even if the Swiss bank mounts a successful defense, analysts said.
47605
Bear Stearns Cos  is being  investigated by Massachusetts securities regulators over  whether the bank improperly traded with two in-house hedge  funds that collapsed last summer, the Wall Street Journal  reported on Friday.