The scourge of short termism.

A UBS economist made an innocuous comment about swine flu in China, and five days later a belief among Chinese speakers that he used a racist term has led to him being suspended, UBS apologizing and it disappearing from a key Chinese bond mandate. Now what?

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Euromoney magazine has released the results of its 41st annual foreign exchange survey, the most comprehensive quantitative and qualitative annual study available on the FX markets.

Wealthy clients increasingly need international products and services. The opportunities are clear for those who can stomach the regulatory hurdles of cross-border business and who can leverage their retail or investment banking connections. Technology investments are crucial, but the competitive landscape is opening up.

After years of investigation, the Hong Kong SFC has come up with its verdict against UBS and three other banks for errant past IPOs. The fines are inconsequential; the disclosure of embarrassing due diligence lapses more significant.

Little confidence profit warning relates to one-off; cost cuts not enough to compensate.

From Deutsche Bank to Santander or ING, banks in Europe need to change with the times and accept accountability to a wider public, represented by their governments: as with weak capital, deficient ethics will only entail greater state control.

Banks hold a lot of art, but how can they justify owning valuable collections, which have no practical use, when their previous extravagances have left their stakeholders in such pain?

UBS Wealth Management voted best global private bank; private banks expect revenues to grow, but at slower pace.

Jürg Zeltner, former chief executive of UBS Wealth Management, explains how the chief investment office was born out of chaos. Its introduction shifted not just UBS but the whole private banking industry to a model of professionalism.

For many private banks that set up in Asia in the last decade, the cost of doing business kept them locked out of the vast expansion of wealth in the region; those that didn’t leave are settling into a more mature industry, but they are a long way from being able to relax.

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Wealth management was built by men for men, but now that women will become the largest beneficiaries of the $30 trillion intergenerational wealth transfer, the industry needs to overhaul itself. If it doesn’t, it will be letting down more than just its female clients.

The pieces are starting to shift on the board of Chinese investment banking. There have been signs of progress, frustration and new strategy since last April’s announcement that foreigners would be allowed to take majority stakes in securities joint ventures on the mainland.

Spanish-based group will struggle to overcome fall-out of recruitment U-turn, while Orcel’s situation raises broader questions for banks’ hiring and compensation strategies.

Banco Santander’s board has botched the appointment of the bank's next CEO in the clumsiest way possible.

The bank is delivering a strategy for the post-crisis world. So why aren’t investors giving it more credit?

Asset management is one of the few opportunities European banks have for growth and good returns, but regulation is challenging the captive market and margins are falling. Can banks build their own versions of the low-cost US fund management firms – or are these few remaining crown jewels heading the same way as their investment banks?

Rates are only rising because economies are doing so well and there is no need to panic, even if risk assets do sell off, at least according to the sell side.

UBS’s path to China JV control raises questions for others.

Larger family offices are taking on the private equity firms as they focus on investing directly.

Jon Macaskill profiles the two new co-heads of investment banking at UBS.

CIO, UBS Global Wealth Management

Any important new market needs its innovators, cheerleaders and pioneers… As banks try to build more responsible and sustainable businesses, these are the champions of impact banking at 10 of the world’s biggest firms. From green and blue finance to financial inclusion and social banking, they are leading the way and setting an agenda for others to follow.

The last instalment of our results analysis looks at banks’ markets businesses

Day 2 of our look at the performance of the 12 big CIBs over the past year, this time focusing on the investment banking business lines

With HSBC having reported on Monday, the last of the 2Q18 results are in for the 12 main global corporate and investment banks; now for part 1 of our number-crunch

A strong quarter for UBS contained a few of the usual curiosities in the investment bank.

The momentum in UBS’s Apac wealth management business is such that senior staff envisage a day when assets in Asia overtake those from any other part of the world. It is easy to see why. In 2017 the bank became the first wealth manager to cross SFr300 billion ($305 billion) in assets in Asia and by the first quarter of 2018 was already at SFr379 billion. The bank may well have crossed SFr400 billion by the time you read this.