Focus: The big banking exclusives in Euromoney
| UBS timeline | |
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2006 |
| December 1 | UBS buys Banco Pactual for $2.6 billion. Esteves becomes the youngest billionaire in Brazil. Esteves named as new chairman and chief executive of UBS in Latin America |
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2007 |
| May 3 | UBS closes its in-house hedge fund, Dillon Read Capital Management, just five months after it opened. The fund lost $124 million from trades in the US sub-prime lending market in the first quarter of 2007 |
| July 6 | Peter Wuffli resigns as CEO of UBS investment bank. Marcel Rohner named as his successor |
| August 3 | Esteves named as new head of FICC at UBS |
| October 30 | UBS announces an operating loss, before tax and minority interests, of Sfr726 million in the third quarter of 2007 |
| November | Rumours emerge that Esteves is in informal talks with Rohner to buy back Banco Pactual |
| December 11 | Singapores GIC injects Sfr11 billion into UBS in exchange for a 9% stake of the Swiss bank as UBSs write downs exceed $10 billion. |