Sergio Ermotti

The head of Swiss banking giant UBS, Sergio Ermotti, was handed more 8.9 million Swiss francs ($9.3 million, 7.2 million euros) in salary and bonuses in 2012, according to the bank's annual report published Thursday.

Swiss banking giant UBS said Tuesday it suffered a crushing loss last year, as massive fines from the Libor rate-fixing scandal weighed especially heavily on its results.

Swiss banking giant UBS, hit with massive fines for manipulating global interest rates, has learned its lesson and is improving its control mechanisms, its chairman Axel Weber insisted in an interview published Sunday.

Three national regulators slapped the equivalent of $1.5 billion in fines on Swiss banking giant UBS on Wednesday, the second-largest banking fine ever, for manipulating interest rates in a deepening scandal that threatens more than a dozen other banks.

British, US and Swiss regulators hit Swiss banking giant UBS with fines of $1.5 billion on Wednesday -- one of the biggest-ever such sanctions -- in a deepening scandal over rigging of the Libor interest rate at the heart of global financial markets.

Swiss banking giant UBS said on Wednesday it had agreed to pay about $1.5 billion to British, US and Swiss regulators to settle allegations it manipulated Libor interest rates.

Swiss banking giant UBS has agreed to pay around $1.5 billion to British, US and Swiss regulators to settle allegations it manipulated Libor interest rates, it said in a statement Wednesday.

Swiss banking giant UBS on Tuesday announced nearly 10,000 job cuts and a third quarter bathed in red due to a massive restructuring of its ailing investment bank, in the latest blow to a Swiss banking sector under fire.

Swiss banking giant UBS intends to cut nearly 10,000 jobs worldwide in a restructuring of its hard-hit investment bank, the group said on Tuesday reporting that reorganisation costs had pushed it deep into loss in the third quarter.

Swiss banking giant UBS on Tuesday posted a heavy third quarter loss and announced plans to cut around 9,000 jobs worldwide as part of a massive restructuring of its chronically troubled investment bank.

A trader at leading Swiss bank UBS "gambled away" $2.3 billion (1.75 billion euros) causing "chaos and disaster", his trial in London heard on Friday.

A trader accused of losing $2.3 billion at the Swiss bank UBS in what is alleged to be Britain's biggest banking fraud appeared in court on Monday for the start of his trial.

A trader accused of losing $2.3 billion in a fraud at Swiss bank UBS goes on trial in London on Monday in a case expected to once again put the supervision of bankers under the spotlight.

A trader accused of losing $2.3 billion in a fraud at Swiss bank UBS goes on trial in London on Monday in a case expected to once again put the supervision of bankers under the spotlight.

A trader accused of a $2.3 billion fraud at Swiss bank UBS was due to go on trial Monday in London in a case expected to once again put the supervision of bankers under the spotlight.

Europe's biggest banks on Tuesday took massive hits on their second-quarter profits as the eurozone debt crisis sliced into earnings and added to pressure to boost their capital defences.

Swiss banking giant UBS said Tuesday that its second quarter net profit slumped more than 58 percent and it intended to sue over the botched listing of the world's biggest social network site Facebook.

Switzerland'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.

Swiss banking giant UBS said Thursday it had slashed overall 2011 staff bonuses by 40 percent to 2.6 billion Swiss francs (2.2 billion euros, $2.8 billion) due to weaker profits in a tough market.

A trader at Swiss bank UBS pleaded not guilty on Monday to losing $2.25 billion (1.7 billion euros) in fraudulent trades in London, clearing the way for a trial later this year.