<p><span class="il">Switzerland</span>'s financial industry could lose 20,000 jobs in the coming years due to the "economic war" being waged by the EU and US against its top banks, the head of UBS warned in an interview Sunday.</p>
<p>Swiss banking giant UBS said on Thursday it had slashed overall 2011 staff bonuses by 40 percent to 2.6 billion francs ($2.8 billion) due to weaker profits in a tough market.</p>
<p>Switzerland's largest bank UBS has suspended several traders in connection with an international inquiry into the suspected manipulation of interbank borrowing rates, a report said on Thursday.</p>
<p>Swiss banking giant UBS on Thursday denied it had directly handed files to US authorities detailing which of its rivals had taken on its American clients following a tax evasion probe.</p>
<p>Swiss banking giant UBS has handed over to US tax authorities data indicating which of the bank's rivals took on its American clients following a probe, it was reported on Thursday.</p>
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<p>Swiss banking giant UBS on Tuesday posted a net profit of 4.2 billion francs ($4.57 billion) for 2011, down 44 percent on the previous year, and forecast a tough first quarter due to the<br />economic crisis.</p>
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<p>Swiss authorities said on Friday they have opened an investigation into suspected manipulation of interbank lending rates, following similar actions in other countries.</p>
<p>A trader at Swiss bank UBS pleaded not guilty on Monday to losing $2.25 billion in fraudulent trades in London, clearing the way for a trial later this year.</p>
<p>Stricter bank rules drawn up by the Swiss government to prevent the need for costly bailouts do not go far enough, the Organisation for Economic Cooperation and Development said on Tuesday.</p>
<p>Three Swiss bankers were indicted in the United States Tuesday, accused of hiding $1.2 billion in assets of US clients seeking to avoid declaring their full wealth to tax authorities.</p>
<p class="MsoNormal"><strong><span lang="EN-US">The department of Foreign Affairs, the Swiss army, private bank Julius Bär and Nestlé are among the victims of a hacking attack targeting US security firm Stratfor on Christmas Eve.</span></strong></p>
<p>A trader accused of a $2.25 billion fraud at Swiss bank UBS was remanded in custody by a London court on Tuesday as his case was adjourned until January 30th, when he must enter a plea.</p>
<p>Japanese regulators on Friday ordered the local arms of UBS and Citigroup to suspend operations for up to 30 days for allegedly trying to manipulate short-term interest rates for interbank trading.</p>
<p class="MsoNormal"><span lang="EN-US">Nestlé, Credit Suisse and Google are the best companies to work for in Switzerland, </span><span lang="EN-US">according to a survey by Sweden's Universum Communications.</span><strong></strong></p>
<p>Japan's securities watchdog has urged that the Japanese arms of Citigroup and Swiss banking giant UBS be penalised for trying to manipulate the short-term interest rates for interbank trading.</p>
<p>The boss of Swiss banking giant UBS said on Sunday that clients could withdraw up to 30 billion francs in assets due to deals between Bern and EU states to regularise untaxed funds hidden in Swiss banks.</p>
<p>Swiss banking giant UBS said on Thursday it was to dramatically cut back its investment bank arm, reducing its risky assets by half, or 145 billion francs ($159 billion).</p>
<p>Switzerland's biggest bank UBS will on Thursday announce a long-awaited shake-up of its investment bank division at an investors' day event taking place in New York.</p>
<p>Switzerland said on Wednesday it has amended a decree to ensure that US clients of Swiss banks are informed of any probes against them, against a backdrop of increased action by Washington.</p>
<p>Swiss banking giant UBS looked to draw a line under a troubled period on Tuesday with the appointment of a new chief executive and plans for a new path to be announced on Thursday.</p>
<p>Swiss bank UBS said on Thursday it would vigorously defend claims for $80 million in the Bernard Madoff affair after a $2 billion suit was thrown out of court earlier this week.</p>
