UBS Profit Dips 16% in Q3 Amid Negative Rates
“Low and persistent negative interest rates and expectations of further monetary easing will adversely affect net interest income," the bank says.
Credit Suisse to Charge Clients for Large Deposits
Switzerland's second largest bank is following the lead of competitors in response to the country's monetary policy.
Hong Kong Bans UBS Sponsor License, Fines It $48 Million
The Securities and Futures Commission is cracking down after a string of problem listings.
UBS Pays $445M Over Credit Union MBS Losses
The Swiss bank was accused of misrepresenting the risks of roughly $1.15 billion of RMBS it sold to the U.S. Central and Western corporate credit unions.
Big Banks Team Up on Digital Cash Project
UBS and its partners believe using blockchain technology can reduce the time and cost of post-trade settlement and clearing.
UBS Fined $19M in First Structured Note Case
The SEC said the bank misled investors in offering materials for structured notes tied to a proprietary currency index.
Banks Clamping Down on Unethical Currency Traders
After several probes revealed FX dealers are leaking customer information for profit, some top banks are reacting by introducing restrictive measures.
Are Bankers Overcharging for FX Transactions?
The Justice Department is investigating sales practices of foreign-exchange banks as part of a wider probe into FX market rigging.
Banks and Commodity Trading: Sell Signals
Banks are scrambling to ditch their commodity-trading businesses.
The Whistleblower’s Trilemma
Revealing company fraud or misconduct to regulators first is not always the best choice — if an employee chooses to blow the whistle at all.