UBS

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Sergio Ermotti, chief executive officer of UBS AG.  Photograph: Gianluca Colla/Bloomberg

UBS AG, Switzerland’s largest bank, reported an increase in second-quarter profit and said it is close to a settlement over US mortgage-backed bond sa(...)

UBS said its second-quarter profit beat forecasts, even after an 835 million Swiss franc (€698 million) charge to settle a US lawsuit. Photo: Reuters

UBS said its second-quarter profit beat forecasts, even after an 835 million Swiss franc (€698 million) charge to settle a US lawsuit and other matter(...)

European stocks were little changed near a seven-week high for the benchmark Stoxx Europe 600 Index. Photo: Bloomberg

European stocks were little changed near a seven-week high for the benchmark Stoxx Europe 600 Index. US index futures were also little changed, while (...)

In his twice-yearly report to Congress on monetary policy, US Federal Reserve chairman Ben Bernanke  said the Fed’s bond- buying programme would cease by mid-2014, but stressed the plan was not set in stone. Photograph: Pete Marovich/Bloomberg

US Federal Reserve chairman Ben Bernanke gave a modest boost to stock markets around the world yesterday, by reassuring that the US central bank’s mon(...)

 Two former interdealer brokers who worked in rates trading with Tom Hayes, the former UBS and Citigroup trader. Photographer: Gianluca Colla/Bloomberg

Two former interdealer brokers who worked in rates trading with Tom Hayes, the former UBS and Citigroup trader, face criminal fraud charges for allege(...)

The debate about whether the Chinese economy will have a “hard landing” continues, with the more bearish among the analysts finding their views suppor(...)

European stock-index futures climbed, following the biggest weekly advance for the region’s equity benchmark in two months, as Chinese economic growth matched forecasts.

European stock-index futures climbed, following the biggest weekly advance for the region’s equity benchmark in two months, as Chinese economic growth(...)

Mining company Alcoa kicked off the US earnings season with results that beat analysts’ estimates.

European stocks rose to their highest level in almost a month as miner Alcoa kicked off the US earnings season with results that beat analysts’ estima(...)

A review of Libor by Financial Conduct Authority boss Martin Wheatley recommended control of the rate be stripped from the British Bankers’ Association. Photograph: Simon Dawson/Bloomberg.

The owner of the New York Stock Exchange is to take control of the controversial interbank lending rate at the heart of the recent banking scandal.NYS(...)

Ryanair closed down almost 3 per cent, although with good volume and slightly higher than its competitors in what overall was a poor day for the aviation industry, blamed on rising oil prices. Photograph: Paul Thomas/Bloomberg

It was another day of gains on European stocks after the European Central Bank said interest rates would remain low. US markets, back from their July (...)

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