The stereotype of the noble industrialist battling the evil banks has long been a fixture in Swiss public discourse. With UBS ...

The merged mega-bank has clashed with the domestic industry, a move that could come at a high cost, argues finews ...

Andrea Orcel has teed up UniCredit for a potential takeover of rival Commerzbank. He wants to build something Europe lacks—a ...

Reuters.com is your online source for the latest news stories and current events, ensuring our readers up to date with any ...

The ECB is set to cut rates by 25 bps, but investors are left guessing on future moves, with no clear forward guidance expected from policymakers.

UBS CEO Sergio Ermotti noted in an interview with CNBC that the market's expectations for aggressive rate cuts by the Fed are ...

Stubborn core inflation Prices in the U.S. rose 0.2% in August, the Bureau of Labor Statistics reported, in line with the Dow Jones consensus. The 12-month inflation rate was at 2.5%, the lowest since ...

The markets may be getting too ahead of themselves that the U.S. Federal Reserve will pull an aggressive rate cut, said the CEO of Swiss banking giant UBS.

Sergio Ermotti, group CEO of UBS Group AG, said that the markets seem to be too ahead of the curve to expect the Fed to cut ...

Experts say either Hong Kong or Singapore is likely to eclipse Switzerland as the world's leading offshore financial center ...

Brazilian music legend Sergio Mendes has died. He was 83. Mendes was known for making bossa nova, a kind of samba, globally popular. Listen to Story Sergio Mendes, Brazilian musician, died at 83 in ...

Sergio Mendes was born in Niterói on 11 February 1941. The young Mendes was encouraged by his father, a physician, to pursue conservatory training in order to pursue a career as a classical pianist.