Mumbai: Swiss banking major UBS has decided to surrender its banking licence in India, which includes exiting its fixed income business, forex operations, and credit services which are capital intens

UBS was fined 30 million pounds ($48 million) by Britain’s financial watchdog and put under extra scrutiny by its Swiss counterpart over failings that allowed a rogue trader to lose $2.3 billion.

Ann

UBS downgraded State Bank of India to 'sell' from 'buy', saying a weak monsoon would add to its 'already high' non-performing loans while expecting margins to decline due to rising cost of funds and p

Swiss banking giant UBS announced on Saturday that chief executive Oswald Gruebel has handed in his resignation, which was accepted by the board of directors.

Sergio Ermotti has been named as interim

Swiss bank UBS on Sunday increased the amount it said it had lost on rogue trades to $2.3 billion and gave details of how a trader concealed his risk exposure by creating fictitious positions in its s