<p>Swiss banking giant UBS said Tuesday that its third-quarter net profit reached 1.018 billion francs ($1.16 billion) even though it had to take a 1.849 billion franc charge due to a rogue trading scandal.</p>
<p>Fitch ratings agency downgraded Swiss bank UBS on Thursday while putting 12 other major European and US banks on negative ratings watches, amid worries over fragile global growth.</p>
<p class="MsoNormal"><span lang="EN-US">Swiss financial authorities have urged bank giants UBS and Credit Suisse to quickly improve the quality of their equity capital as fears mount that the Greek debt crisis will spread across the banking sector.<br /></span></p>
<p>UBS, <span class="il">Switzerland</span>'s top bank, said on Wednesday that two more officials have resigned following a $2.3 billion rogue trading scandal which cost chief executive Oswald Grübel his job.</p>
<p>Swiss banking giant UBS said Tuesday that it expected to post a slight profit for the third quarter, despite rogue trading which lost the bank $2.3 billion.</p>
<p><span style="font-family: arial, sans-serif; font-size: 13px;">Oswald Grübel's resignation as head of UBS over the weekend had less to do with a trading scandal than with a clash with the board on the role of investment banking to the business, analysts said on Monday.</span></p>
<p>It was to former Credit Suisse boss Oswald Grübel that UBS turned when the bank was struggling to stem its record losses amid the financial crisis and seek a way out of its bitter tax evasion spat<br /> with the United States.</p>
<p>Swiss banking giant UBS announced on Saturday that chief executive Oswald Gruübel has handed in his resignation, which was accepted by the board of directors.</p>
<p><span class="Apple-style-span" style="color: #000000; font-family: arial,sans-serif; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; background-color: #ffffff;">Swiss banking giant UBS ended a board meeting in Singapore on Friday but there was no word on the fate of chief executive Oswald Gruebel, who is under fire following a rogue-trading scandal.</span></p>
<p><span class="Apple-style-span" style="color: #000000; font-family: arial,sans-serif; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; background-color: #ffffff;">Kweku Adoboli, the equities trader accused in a $2.3 billion fraud at Swiss bank UBS, is "sorry" and "appalled" at the losses, his lawyer said on Thursday, as he was remanded in custody for another month.</span></p>
<p><span style="font-family: arial, sans-serif; font-size: 13px;">Swiss banking giant UBS began a meeting of its board in Singapore on Wednesday as it faces increasing pressure from shareholders after being hit by a $2.3 billion rogue-trading scandal.</span></p>
<p><span style="font-family: arial, sans-serif; font-size: 13px;">Banking giant UBS is to hold a board meeting on Wednesday in Singapore, when it will decide whether to maintain support for its chief executive Oswald Gruebel after a rogue trading case, Swiss press said on Tuesday.</span></p>
<p><span style="font-family: arial, sans-serif; font-size: 13px;">Swiss banking giant UBS said on Monday it had suspended all its advertising campaigns after the discovery of rogue trading that cost it $2.3 billion.</span></p>
<p><span style="font-family: arial, sans-serif; font-size: 13px;">Swiss banking giant UBS on Sunday revised losses due to rogue trading upwards to $2.3 billion but the bank's chief executive insisted he would not resign, saying he bore no guilt.</span></p>
<p>Detectives on Friday questioned the man suspected of losing $2 billion at Swiss bank UBS as industry figures wondered how such huge unauthorised trading could have been allowed.</p>
<p>Swiss banking giant UBS will reduce the size of its investment banking unit and carry out massive job cuts after it was hit by rogue trading that lost it $2 billion, Swiss press reported on Friday.</p>
<p>The man being questioned by British police on Thursday over a massive rogue trade at Swiss banking giant UBS was an "up and coming" trader who was well liked by his colleagues, reports said.</p>
<p>Rating firm Moody's said on Thursday it was considering lowering the credit rating on Swiss banking giant UBS after a rogue trader wracked up $2 billion in losses.</p>
<p>Swiss banking giant UBS said on Thursday it had lost $2 billion (€1.46 billion) through unauthorised trading, after London police arrested a man suspected of committing the massive fraud.</p>
<p>Swiss banking giant UBS revealed on Thursday that a rogue trader had lost an estimated $2 billion (€1.46 billion) in unauthorised trades, and that it may plunge into the red as a result.</p>
<p>Switzerland's two biggest banks on Sunday gave divergent opinions on the Swiss National Bank's decision to put a floor on the Swiss franc's exchange rate against the euro, local media reported.</p>
<p>US authorities have given Switzerland until Tuesday to transmit data from tax evaders in the United States who have stashed assets away in Swiss banks, the SonntagsZeitung reported on Sunday.</p>
<p>Swiss stocks briefly plunged over three percent in nervous Friday morning trade, tracking losses in other key markets ahead of the release of key US jobs data.</p>
<p>The Swiss franc reached its lowest level against the euro since July on Monday after UBS announced it was considering levying fees on franc-denominated deposits and the release of data that indicated a slowing economy.</p>
<p class="MsoNormal"><span style="font-size: 14.0pt; mso-bidi-font-size: 12.0pt; font-family: Arial;" lang="EN-GB"><span style="font-size: small;">Swiss president Micheline Calmy-Rey has described as </span></span><span style="font-size: 14.0pt; mso-bidi-font-size: 12.0pt; font-family: Arial;" lang="EN-GB"><span style="font-size: small;">“legally unacceptable”</span></span><span style="font-size: 14.0pt; mso-bidi-font-size: 12.0pt; font-family: Arial;" lang="EN-GB"><span style="font-size: small;"> the increasing demands from US tax authorities for data from Switzerland on alleged tax evasion by Americans.</span></span></p>
