UBS

Clashes over the Labor Department's fiduciary rule have carried over into the debate on the SEC's proposed regulation.

The advisor used about $410,000 to pay back investors in Ponzi-like fashion to keep the scheme alive, the regulator says.

The firm tapped the co-working company WeWork to design new offices, which span more than 100,000 square feet.

In an era of extreme affluence, elite money managers are vying for the hyper-rich as never before.

CEO Sergio Ermotti said UBS had begun to cut costs following the merger of the U.S. and international wealth management divisions.

It is the latest example of how companies are facing pressure to discipline individuals who have abused their position to obtain sexual favors or committed acts of violence and bullying.

Compensation related to financial advisor recruiting fell 22% for the second quarter.

Banking scandals are playing only a small role in advisor attrition, the firm says.

The firm aims to target affluent mainland investors for the first time, while making it free of various offshore investment restrictions.

While the business is producing steady profits, the lender rejigged financial targets this year after investors argued Ermotti should do more to improve returns after the shares languished.