Last Thursday, UBS UBS announced that it had reached an agreement with the Swiss National Bank whereby Switzerland would inject CHF 6 billion of new equity into UBS in an effort to stabilize the bank and stem its massive outflows of assets under management. We are lowering our fair value moderately ... UBS is still struggling to stem outflows from its valuable private bank. UBS appears to be on the mend. Morningstar is initiating credit coverage of UBS UBS with an issuer rating of A. UBS is one of Switzerland's two large banks, with CHF 1.2 trillion in total assets and CHF 2.1 trillion in assets under management as of mid-2011. It earns about 20% of its profit before tax from Swiss retail and ... ZURICH (Reuters) - Switzerland's biggest bank UBS AG is to axe 3,500 jobs to shave 2 billion Swiss francs ($2.5 billion) off annual costs as it joins rival investment banks in reversing the post-crisis hiring binge and preparing for a tough few years. ZURICH (Reuters) - Switzerland's biggest bank UBS AG is to axe 3,500 jobs to shave 2 billion Swiss francs ($2.5 billion) off annual costs as it joins rival investment banks in reversing the post-crisis hiring binge and preparing for a tough few years. LONDON/ZURICH (Reuters) - Switzerland's UBS has yet to purge itself fully of the culture of arrogance that put it at the centre of a global interest rate scandal, its investment banking chief said on Wednesday. LONDON/ZURICH, Jan 9 (Reuters) - Switzerland's UBS has yet to purge itself fully of the culture of arrogance that put it at the centre of a global interest rate scandal, its investment banking chief... Feb 12 (Reuters) - Former UBS AG investment bank CEO Carsten Kengeter, who was tasked with winding down the Swiss bank's non-core portfolio, is set to leave the bank, according to an internal memo seen by Reuters. ZURICH (Reuters) - UBS is planning to relocate its investment bank outside Switzerland, the Wall Street Journal said, to side-step tough new local bank regulations and better deploy its capital.