UBS

Any time a major bank releases a report saying a given course of action is too costly, too prohibitive, too blonde, or simply too impossible, it is nearly guaranteed that that is precisely the course of action about to be undertaken. Which is why all non-euro skeptics are advised to shield their eyes and look away from the just released report by UBS (of surging 3 Month USD Libor rate fame) titled "Euro Break Up - The Consequences." UBS conveniently sets up the straw man as follows: "Under the current structure and with the current membership, the Euro does not work. Either the current structure will have to change, or the current membership will have to change."

UBS AG is looking at at least four potential sites in Manhattan as it considers relocating its North American investment banking headquarters into the heart of New York City from suburban Connecticut, sources familiar with the bank's plans told Reuters.

Switzerland’s financial markets regulator broke the law when it ordered UBS AG to give data on 255 of the bank’s clients to the U.S. last year, a court ruled.

LONDON — UBS said on Wednesday that it plans to cut another 7,500 jobs after the Swiss bank lost about 2 billion Swiss francs, or $1.8 billion, in the first quarter and clients withdrew funds.

The chairman of Switzerland's largest bank announced yesterday that he is stepping down, less than two weeks after the banking giant UBS admitted it defrauded the U.S. government by helping American clients evade taxes.