UBS Will Not Take Legal Action Over Subprime Losses

Switzerland’s UBS (UBS) will not take legal action against former employees for racking up the massive losses on subprime mortgages that left the company needing a bailout.

Kaspar Villiger, the UBS chairman, said that company was looking to the futur…

Gold Fever Strikes the Super-Rich

Recent reports show that several banks have begun advising their wealthiest individual clients to put as much as 10% of their assets into the precious metal. And some are stocking up by the ton.
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UBS, Credit Suisse Face Tougher Swiss Capital Rules

UBS and Credit Suisse Group will have to almost double their capital holdings because Switzerland has set out to further tighten the reins on its megabanks, requiring them to hold capital well in excess of the new Basel III rul…

New Citigroup Hire Lands $30 Million Pay Deal

Citigroup’s (C) newest energy banker Stephen Trauber could take home as much as $30 million over three years as part of his juicy new pay package with the bank.

Trauber, whom Citigroup poached from Swiss bank UBS (UBS), landed himself the deal just …