GO
Loading...

UBS AG

More

  • Europe Preview: Was French 'Rogue Trader' Alone? Thursday, 22 May 2008 | 2:47 PM ET

    Tomorrow a Société Générale special committee will unveil a long-awaited report into how one 31-year-old trader was able to build up €50 billion in long positions and then give everyone the impression his huge bets were low-risk.

  • UBS Launches $15.5 Billion Discounted Rights Issue Thursday, 22 May 2008 | 2:25 PM ET

    Swiss bank UBS launched a deeply discounted rights issue worth 16 billion Swiss francs ($15.55 billion) on Thursday at a third below its latest market price in a bid to lure investors to repair its battered balance sheet.

  • Higher Oil Prices Grounding Airline Merger? Thursday, 22 May 2008 | 9:10 AM ET

    The original bid for Alitalia by Air France-KLM was based on an oil price of $86 a barrel, according to the Deputy CEO of Air France, in an interview on CNBC Europe. Those talks were shelved a month ago, but at $120 to $130, the Deputy CEO said that Air France-KLM would have to come up with a more "difficult and demanding" business plan.

  • Where to for Citigroup? Wednesday, 21 May 2008 | 9:13 AM ET

    Citigroup is not interested in buying Lehman Brothers or UBS. Perhaps it's not that surprising a revelation from its Chairman Sir Win Bischoff, who in an interview with me for CNBC's 'The Leaders' is also anxious to play down suggestions that his and CEO Vikram Pandit's backgrounds in investment banking will lead to an elevation of that business within the American giant.

  • Wealth Funds Not Muscling Citi: Chairman Wednesday, 21 May 2008 | 8:47 AM ET

    Sovereign wealth funds are not likely to try to take more control over Citigroup in exchange for their investment, but they have the right to meet with the bank's executives and be informed of its progress, Chairman Sir Win Bischoff told CNBC Europe.

  • UBS Finances 75% of Sale of its Distressed Assets Wednesday, 21 May 2008 | 2:56 AM ET
    UBS

    UBS financed 75 percent of the funding used by U.S. asset manager Blackrock to buy a $15 billion portfolio of distressed U.S. real estate assets from UBS, the bank said on Wednesday.

  • US to Subpoena UBS for Wealthy Client Names: WSJ Thursday, 15 May 2008 | 4:57 AM ET

    U.S. prosecutors are expected to approach UBS with a subpoena for the names of rich American clients who may have used the Swiss bank's services to skirt income taxes, the Wall Street Journal said on Thursday, citing lawyers and others involved in the case.

  • Mad Mail: Back in the Saddle with Garmin? Wednesday, 14 May 2008 | 6:54 PM ET

    Not so fast, Cramer says. Plus his thoughts on American Superconductor, UBS and more.

  • For the week ending Friday, May 9, 2008, the U.S. Markets were negative for the week, with the Dow falling more than 200 points on Wednesday, making it the biggest point drop since 4/11/08. 

  • Stocks Bounce Back; Banks Skid Thursday, 8 May 2008 | 4:43 PM ET

    Stocks bounced back from the prior session's slide, led by techs and materials, as techs staged a rebound and materials benefited from higher metal prices. Better-than-expected retail sales also buoyed the market.  Financials declined after federal regulators proposed increased oversight of investment banks.

  • Europe Preview: Buying Into a Baer Market? Thursday, 8 May 2008 | 1:55 PM ET

    Two billion dollars was pulled out of UBS's wealth management division in the first quarter. It's difficult to say how much of the loss stemmed from the subprime crisis, but smaller banks in Switzerland have been picking up business from the troubled market leader.

  • US Credit Crisis Is Easing, Merrill CEO Thain Says Wednesday, 7 May 2008 | 9:55 AM ET

    The U.S. credit crisis is easing and the risk in housing is dramatically lower now, but economic growth will remain under pressure , the CEO of Merrill Lynch said.

  • Senior UBS Employee was Detained in US Tax Probe Wednesday, 7 May 2008 | 5:24 AM ET

    A senior UBS employee was briefly detained by U.S. authorities in April as part of an investigation into the bank's cross-border business, the Swiss bank said on Wednesday.

  • Optimism Fuels Stock Rally; Oil Tops $122 Tuesday, 6 May 2008 | 4:57 PM ET

    Stocks closed higher as optimism prevailed, even in the face of $122-a-barrel oil. Techs got a boost from speculation that a deal between Microsoft and Yahoo is still possible.

  • Energy, Tech Talk Fuel Market Rebound Tuesday, 6 May 2008 | 3:21 PM ET

    Stocks declined as oil surpassed $122 a barrel and Fannie Mae delivered disappointing results.

  • UBS To Cut 5,500 Jobs in Subprime Wake Tuesday, 6 May 2008 | 1:15 PM ET

    Swiss bank UBS will cut almost 7 percent of its workforce and said it has a preliminary deal with  BlackRock to sell a $15 billion portfolio of subprime mortgages.

  • Stocks Slide as Oil Tops $122; Fannie Rises Tuesday, 6 May 2008 | 11:48 AM ET

    Stocks declined as oil surpassed $122 a barrel and Fannie Mae delivered disappointing results.

  • Stocks Slide as Oil Tops $121; Fannie Drops Tuesday, 6 May 2008 | 11:02 AM ET

    Stocks opened lower Tuesday as oil again topped $121 a barrel and Fannie Mae posted a third straight quarterly loss.

  • UBS: If the Worst is Over, Where's the Visibility? Tuesday, 6 May 2008 | 6:43 AM ET

    When Warren Buffet treated his 31,000 plus audience to his annual Berkshire Hathaway gathering in Nebraska recently he was asked about the banks. When would he be happy to buy back into U.S. investment banks?

  • For the week ending Friday, May 9, 2008, the U.S. Markets were negative for the week, with the Dow falling more than 200 points on Wednesday, making it the biggest point drop since 4/11/08.