UBS

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Ex-employee laughing all the way from the bank

1 Mar 2013

We heard an intriguing story recently that we are assured occurred at a well-known investment bank in Hong Kong.

4 comments

Whither the Easter Bunny?

27 Feb 2013

It made me smile last November when Patrick Odier, group chairman of the Swiss Bankers Association, observed that “we have an image problem.” Understatement of the century.

Business Digest, February 13, 2013

13 Feb 2013

Cash sweetens 10 deals at Providence Bay

In Hibor debate, remember you have to pay for good data

12 Feb 2013

We are already very much in line. In characteristic copycat fashion the HKMA started an investigation of the Swiss bank UBS a day after it paid up for alleged Libor (London interbank offered rate...

New UK internal auditor code seen needed to restore credibility

11 Feb 2013

Internal auditors, slammed by regulators for failing to spot how banks were rigging the Libor benchmark, should report directly to the board and have enough resources to do the job, a British...

Opinion

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A house is not a home until it becomes affordable

Banks consider global Libor deal as costs of scandal rise

The more we learn about the manipulation of the London interbank offered rate (Libor), the more expensive the scandal becomes for the financial institutions involved.

What can UBS learn from Charles Dickens' ghosts

Like the Ghost of Christmas Past from Charles Dickens' beloved tale, A Christmas Carol, another scandal has come to spook an investment bank.

2 comments

Monetary Authority investigates UBS over possible Hibor rate misconduct

Hong Kong's de facto central bank said it has begun investigating UBS for possible misconduct involving the setting of the city's interbank interest rate, raising fresh concerns that the Swiss...

HKMA probes UBS over rate rigging claims

The HKMA said on Thursday that it would probe Swiss banking giant UBS over claims of possible rigging of Hong Kong’s interbank offered rate (Hibor).

BANKING

Major banks convicted in Milan fraud case

Deutsche Bank, JP Morgan Chase, UBS and Depfa Bank have been convicted by a judge in Milan for their role in overseeing fraud by their bankers in the sale of derivatives to the city.

BANKING

UBS fined HK$12b for rigging global interest rates

UBS, Switzerland's biggest bank, must pay about 1.4 billion Swiss francs (HK$11.84 billion) to US, British and Swiss regulators for trying to rig global interest rates, triple the penalties levied...