Zurich-based bank sees a tough year ahead
Johansson joins executive team
Weak results reflect losses on U.S. subprime mortgages
Combination of weather and emissions asset classes make up new benchmark
It is now possible that UBS will record a net loss for 2007
Soft landing in U.S. and global economies expected in 2008
UBS AG is shaking up the management of its international wealth management businesses.The firm announced that the existing international wealth management business will be divided into four regional business areas: Asia Pacific, under the leadership of Kathryn Shih; Western Europe, Mediterranean, Middle East & Africa, led by Francesco Morra; North, East & Central Europe, under […]
Substantial losses and writedowns in trading positions were related to the U.S. subprime fiasco this past summer
Swiss banking giant UBS AG confirms that its third quarter pre-tax loss will be in the range of 600 million to 800 million Swiss francs (US$515.9 million to US$687.9 million), as it announced earlier this month.The move comes after Merrill Lynch reported a much bigger hit from the credit crunch than it had previously announced. […]
Commerzbank sells CCR unit