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  • July 24, 2014
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  1. Business - Banking & Finance - INVESTIGATIONS

    UBS helped set up offshore firm for wife, daughter of corrupt railways official, database shows

    Posted Feb 17th 2014, 10:34am by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com Swiss bank helped set up secretive offshore company for wife and daughter of convicted railways ministry official, says US group UBS linked to firm of tainted family Swiss bank UBS is at the centre of embarrassing revelations that it helped to set up a secretive offshore firm for the wife and daughter of a former senior Chinese official who has ...

  2. News - World - CRIME

    Italy arrests ex-UBS executive Raoul Weil over US tax case

    Posted Oct 21st 2013, 10:23pm by AFP

    ... Agence France-Presse in Rome Italy arrests ex-UBS executive in US tax case A former top executive at Swiss banking giant UBS wanted in the United States for allegedly helping wealthy ... of the global wealth management service at UBS in Zurich, was indicted by a federal grand jury in 2008 for his alleged role in overseeing the US cross-border business. The Swiss national always denied ...

  3. Business - Banking & Finance - INVESTMENT

    UBS plans to double invested assets of Asian clients over five years

    Posted Oct 14th 2013, 12:00am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com The Swiss financial services firm is shedding 10,000 staff but hopes to double the value of invested assets of Asian clients in the next five years UBS has big plans for Asia despite job cuts UBS, Switzerland's biggest bank, plans to double invested assets of clients in Asia over the next five years even as it cuts 10,000 jobs and restructures its ...

  4. Business - Banking & Finance

    UBS agrees US$885m deal for subprime lawsuit

    Posted Jul 27th 2013, 12:00am by BLOOM

    ... Bloomberg in Washington UBS agrees US$885m deal for subprime lawsuit UBS, Switzerland's largest bank, has agreed to pay US$885 million to Fannie Mae and Freddie Mac to settle claims that it improperly sold them mortgage-backed securities during the housing bubble, a US regulator said. The Federal Housing Finance Agency claimed Zurich-based UBS misrepresented the quality of loans ...

  5. Business - Banking & Finance - LABOUR

    UBS lifting salaries to retain staff: sources

    Posted Jun 01st 2013, 12:00am by Bloomberg

    ... Bloomberg in Milan UBS lifting salaries to retain staff UBS, the Swiss bank that said last year it would cut 10,000 jobs to increase profit, is now boosting investment bank salaries to catch up with rivals and retain employees, said three people with knowledge of the plan. UBS began informing staff of the raises this week, said the people, who asked not to be identified ...

  6. Business - Banking & Finance

    Two senior UBS executives in Asia said to be leaving firm

    Posted Jun 26th 2014, 01:07am by BLOOM

    ... Bloomberg Two top UBS executives in Asia 'leaving' firm Philip Partnow, a managing director for UBS in mainland China, and Shaun Treacy, the bank's co-head of Asia general ... for UBS, declined to comment. Partnow helped set up in 2006 UBS Securities' China venture, a brokerage and investment-banking tie-up with Beijing Securities. He was the venture's ...

  7. Property - Hong Kong & China - PROPERTY

    UBS plans to move into commercial property investment in China

    Posted Jun 17th 2014, 05:14am by Bloomberg

    ... Bloomberg in Sydney Swiss bank plans to widen its investment on the mainland beyond residential while expanding into Australia's agricultural industry UBS seeks to tap China commercial sector UBS, Switzerland's biggest bank, plans to expand its property investment business with a move into commercial real estate in mainland China. Office, retail and industrial ...

  8. Business - Banking & Finance - CORRUPTION

    China Resources chief Song Lin sacked as UBS probes banker’s alleged affair, finance ties

    Posted Apr 19th 2014, 12:06am by George Chen, Ray Chan

    ... George Chen and Ray Chan UBS won business from China Resources soon after she joined bank Focus on banker's dealings with firm Song Lin, the top official of state-owned conglomerate ... that it was investigating Song. Meanwhile, the Swiss bank UBS has launched an internal investigation focused on the alleged relationship between one of its Hong Kong-based bankers and Song, sources told the South ...

  9. News - China - FINANCE

    UBS orders internal probe as banker is named in affair, graft allegations against state firm chairman

    Posted Apr 16th 2014, 11:07am by George Chen, Amy Li, Ray Chan

    ... George Chen, Amy Li and Ray Chan Hong Kong-based employee accused of helping high-profile businessman launder money UBS to probe allegations against senior banker Swiss bank UBS has ... related to Helen Yang, also known as Yang Lijuan, an investment banker based in Hong Kong, two sources familiar with the matter told the South China Morning Post. A UBS spokesman said yesterday ...

  10. Business - Banking & Finance

    UBS adds 88 advisers for Hong Kong wealth role

    Posted Apr 09th 2014, 01:40am by BLOOM

    ... Bloomberg UBS adds 88 advisers in HK for wealth role UBS, Switzerland's biggest bank, hired 88 advisers this year to service rich Asian clients after assets at its wealth-management business in the region jumped 38 per cent in the past two years. The recruits, who will be based in Hong Kong, boost the number of UBS client advisers in Asia to 1,120, the biggest pool since ...




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