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Oswald J. Grubel

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UBS expects modest third-quarter profit

04.10.11
Swiss bank UBS expects to report a modest third-quarter net profit as windfall gains on its own credit cancel out the $2.3 billion lost in a rogue trading scandal... more

With UBS deep in crisis, who would want to take the top job?

26.09.11
Analysis: Former England football manager Graham Taylor said leading the national side was "an impossible job". Since UBS boss Oswald Grübel has resigned, one could describe running the bank in the same way... more

UBS boss gets board backing in calls for tougher regulation

21.09.11
UBS chief executive Oswald Gruebel says he has the support of his board despite the rogue trading scandal that cost the Swiss bank $2.3 billion and prompted calls for tougher regulation of risky investment bank practices... more

UBS boss seeks vote of confidence in Singapore

20.09.11
UBS Chief Executive Oswald Gruebel is to seek a vote of confidence at a board meeting for plans to slash the investment division that recently caused a $2.3 billion loss... more

UBS rogue trader: How could it happen again?

15.09.11
The future of the investment banking giant UBS in London hangs in the balance after it revealed that a single rogue trader had run up losses of $2 billion... more

Sorrow and despair - UBS staff wake up to a nightmare

15.09.11
Devastated UBS staff - and many others - are asking one question: How do you lose $2 billion?... more

Banking redundancies near 60,000 as UBS axes 3500

23.08.11
The total number of job cuts by the world's top 50 banks rolls towards 60,000 as UBS finally says it will cut 3500 posts by the end of 2013... more

City Spy: Why was Murdoch educating Gove?

28.07.11
So News Corp boss Rupert Murdoch was so keen to meet Education Secretary Michael Gove that he notched up six meetings since the general election and two in the space of 10 days last month... more

UBS warns of big job cuts as it counts cost of regulation

26.07.11
Swiss bank UBS, a major employer in the City, warns that it will make big job cuts as financial markets stutter and the cost of regulation soars... more

UBS sees profit fall by almost a quarter

26.07.11
Swiss bank UBS says its net profit fell by almost half during the second quarter... more

UBS sets sights on London for its investment banking

26.05.11
London could become the official headquarters for UBS's investment banking operations as the bank overhauls its structure to protect Swiss taxpayers from any future bailout... more

Investment banking leaps 50% at UBS despite costs

26.04.11
UBS's investment banking division, much of which is run in London, saw a 50% jump in first-quarter profits as its equities and fixed-income businesses recovered strongly... more

UBS back in black but bonuses are cut by 10%

08.02.11
Swiss banking giant UBS announces its first annual profit since 2006 as its investment bank which employs thousands of people in London swung back into the black in the final quarter of last year ... more

UBS counts the cost as investment banking hits slump

26.10.10
Slowdown across the globe in investment banking takes its toll on UBS, one of the City's biggest employers... more

UBS bucks the trend as investment banking drives a surge in profits

27.07.10
Swiss banking giant UBS beats all expectations with second-quarter profits of SwFr 2 billion and also says it expects to complete its deal with the US tax authorities by October of this year... more

UBS chief: Swiss will reach tax deal with US

11.06.10
Oswald Gruebel, chief executive of UBS, is confident Switzerland will strike a deal with the US over tax data... more

UBS in talks over new building as bank bonus pool grows

04.05.10
UBS’s 6,000 London bankers can celebrate a first quarter bonus raise, and are told of the likelihood that they will move into new offices in Broadgate... more

City Spy: Unsought tips for Mervyn King's ‘Dear Darling’ note

17.02.10
“Dear Al, Are you really that surprised that we are seeing inflation?" Helpfully, the Adam Smith Institute has drafted Mervyn King's letter to Alistair Darling for him... more

UBS stops £180m pay after losses

10.02.10
UBS chief executive Oswald Grübel writes to staff, telling them the bank will be clawing back £180 million in deferred pay deals... more

UBS ups bonus pool to £1.7bn after return to profit

09.02.10
The bank declares it is hiking its bonuses by 34% for 2009 as it reports its first quarterly profit in more than a year... more

UBS losses woe highlights crisis

03.11.09
Swiss bank UBS today revealed itself to be lagging well behind its rivals like Credit Suisse and Deutsche Bank in the global banking recovery ... more

City chiefs urge caution over banking profits rally

04.08.09
Banking heavyweights have urged caution over the jubilation at the run of strong profits from the sector... more

UBS sinking under recession pressure

05.05.09
Losses at UBS in the first quarter of this year reached nearly Swfr2 billion (£1.2 billion), according to figures from the Swiss bank ... more

Wilmot-Sitwell to run UBS investment bank

27.04.09
The son of former Warburg Securities chairman Peter Wilmot-Sitwell has been appointed co-head of investment banking at UBS, the Swiss owner of the firm where his father worked ... more

UBS to slash 8700 jobs after ‘unsatisfactory performance’

15.04.09
Thousands more jobs are to be slashed at Swiss banking giant UBS after it made another huge loss in the first three months of the year... more

UBS 'set to axe another 10,000 jobs worldwide'

14.04.09
Fears were growing that giant Swiss bank will announce another round of job cuts tomorrow, with as many as 10,000 posts set to be axed... more

UBS boss returns to Credit Suisse for help

01.04.09
Oswald Grübel, the new chief executive of UBS, has turned to his former bank Credit Suisse to recruit Ulrich Korner as the group's chief operating officer... more

Loss-hit UBS 'trims bonuses but ups pay'

02.03.09
Banking: Banking giant UBS, facing mounting losses and increasingly aggressive legal action by the US taxman, is said to be doubling some senior investment bankers' pay to offset lower bonuses... more

Chief exec of crisis-torn UBS makes a hasty exit

26.02.09
Banking: The chief executive of UBS was ousted as the flames of exposure to the global credit crisis, accusations of helping rich Americans avoid tax and links to the Madoff scandal engulf the giant Swiss bank... more


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