UBS AG announced the terms of its planned new issue to raise almost 16 billion Swiss francs ($15.3 billion) in fresh capital.Shareholders will be allotted one subscription right for each existing share held. The exercise of 20 subscription rights will entitle the holder to subscribe for seven new shares at a price of CHF 21.00 […]
Bank moves to strengthen risk control function
UBS AG announced today that its global equities business is launching a new alternative trading system for crossing orders in US stocks.The firm said that the new crossing pool will enable client orders to interact with UBS’s US equity order flow – including client agency flow and its trading desks. It trades around 690 million […]
Swiss banking group posts Q1 loss
Chairman Ospel to step down
Measure designed to improve corporate governance
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