Sergio Ermotti, CEO of UBS, talks about the Asian market and the role of investment banking in the industry.» Read More
HSBC confirmed it had set aside $378m for fines relating to suspected manipulation of foreign exchange markets, amid ongoing talks with U.K. regulators.
HSBC is expected to set aside about $640 million to cover the cost of an investigation into suspected manipulation of FX markets. The FT reports.
European stocks ended the day firmly in positive territory on Tuesday, as investors prepared for a key monetary policy decision from the U.S.
UBS posted forecast-beating net profits of $802 million but warned on litigation charges of $1.9 billion.
Sergio Ermotti, CEO of UBS, says geopolitical issues need to be resolved before clients come back to the market with a "constructive attitude".
Sergio Ermotti, CEO of UBS, says he is confident the bank has started to address the litigation issues but the timescale for resolution is out of his hands.
Sergio Ermotti, CEO of UBS, says the ECB's stress tests were "credible and tough", adding that the banking sector still faces "a lot of headwinds".
China is asserting control over local government financing by filling the gap with a huge expansion of the fledgling municipal bond market.
The U.K. government plans to sell its stake in the Eurostar train operator that links Britain with the European continent, George Osborne announced.
Wall Street is spending more on the midterms than ever before—particularly in support of the GOP—but it's not from whom you might think.
A harsh northern hemisphere winter, OPEC supply cut and volatile geopolitics may send oil prices back towards $100 a barrel.
Axel Weber, Chairman of UBS, says both countries need to get control of their respective budgets, warning that any violation of European rules will be a detrimental mistake.
The Justice Department is preparing a fresh round of attacks on the world's biggest banks, the New York Times reports.
Dark pools continued to gain equity trading at the expense of public exchanges in Europe last month, Thomson Reuters data showed.
The Japanese government has selected Nomura Securities and JP Morgan among the 11 underwriters for a planned IPO of state-owned Japan Post.
The rise of the modern sports industry could be the reason why many pro athletes find themselves in financial turmoil.
JPMorgan was the top performing investment bank in the first half of the year, making $11.5 billion in revenue, data showed on Thursday.
China plans to open its markets to foreign investors who have been largely shut out. The New York Times reports.
The assets most likely to benefit from the U.S. dollar's march higher may not be stateside, with analysts looking to Europe and other regions.
London’s currency traders are set for a dramatic fall in bonuses, amid FX investigations and low trading volumes, a new report has found.