News that UBS profits will reach 2.5 billion Swiss francs ($2.33 billion) in the first quarter and outflows where falling was welcomed by the market earlier this week.
The legendary investor who forced the pound out of the Exchange Rate Mechanism in 1992 believes that the rescue package is only "a little step" that may not stop Athens falling into a "debt spiral".
Asda, Wal-Mart's UK supermarket chain that is the country's number two operator by market share, last night said its CEO is to stand down.
News of a very strong start to the year for French luxury goods giant LVMH has raised hopes that the world's super rich remain immune to economic downturn.
Swiss banking giant UBS said Monday its pre-tax profit will be at least 2.5 billion Swiss Francs ($2.33 billion) in the first quarter, when outflows of funds continued.
Attempts to rescue Greece are simply making matters worse and the quicker the crisis comes, the better for the world.
The Greek Finance Minister will travel to the U.S. in two weeks to drum up support for his latest bond auction that he hopes will raise $10 billion ($13.4 billion).
With the euro zone economy shrouded in uncertainty, UBS is advising clients to look at European stocks with strong exposure to the United States.
While sovereign debts crises are threatening one European institution -- the euro -- big leverage is also threatening something that is arguably just as important, and certainly more revered: soccer.
Standard Chartered, the UK-listed, Asian-focused banking group unveiled a full-year profit of more than $5 billion and said it was to pay bonuses totaling $1.1 billion.