UBS is cutting 10,000 jobs in its investment bank and is essentially exiting the fixed income business as part of a brutal restructuring to slash costs and refocus on core businesses that include advisory, equities and foreign exchange under Andrea Orcel, who has been appointed chief executive officer of the investment bank.

The award of $104 million to UBS tax whistle-blower Bradley Birkenfeld in September showed that there is still good money to be made in banking. It just may come in the future from turning in your former colleagues and bosses to the authorities.

The financial crisis prompted wealth managers to focus more on investment advice. Such firms are winning back high net-worth clients. None more so than UBS Wealth Management.

UBS chief executive Sergio Ermotti has taken a giant step back in the latest attempt to revive the ailing firm by hiring his former Merrill Lynch colleague Andrea Orcel as co-head of investment banking.

Tier 2 CoCo struggles; CS taps Swiss-franc investor base

Goldman Sachs has a problem but so does Bank of America. In late March, the chairman of banking and markets, Andrea Orcel, departed abruptly to take up a post as co-head of UBS’s investment bank. Commentators were surprised. Orcel had been at Merrill Lynch for two decades. Hailed as one of the top rainmakers of his generation, he had recently concluded the important UniCredit rights issue, on which Merrill acted as the global coordinator.

UBS chief executive Sergio Ermotti has taken a giant step back in the latest attempt to revive the ailing firm by hiring his former Merrill Lynch colleague Andrea Orcel as co-head of investment banking.

New leadership and a revamped single-dealer platform (SDP) have injected fresh impetus into UBS’s FX business during the past 12 months.

Speak to people involved in philanthropy about impact investing and lots of contradictory phrases are trotted out. "It’s not new, but at the same time it’s very new," is one. "It’s a great opportunity, but there are lots of challenges," is another. For Mario Marconi, managing director and head of family services at UBS, the concept is simpler. "The idea of impact investing is to promote social and environmental good while at the same time applying an investment logic," he says.

UBS isn’t doing too badly for a bank supposedly in the midst of a terminal crisis.

Troubled Swiss bank reveals it may cut bonuses after all, but will it help or hinder it in the long term?

UBS to pare down investment banking and concentrate on wealth management.

Royal Bank of Scotland has hired Fabian Shey – the former global co-head of FX and money markets at UBS – as global head of futures, prime services and electronic markets in the bank’s fixed-income, currencies and commodities business.

Disclosures from UBS about the details of the alleged fraudulent trading that has cost the bank $2.3 billion raise more questions than they answer about the extraordinary episode.

Trading scandal raises further questions about validity of investment bank; Does the integrated model work for UBS?

Revamped pricing boosts turnover; profits from SNB intervention.

The trading scandal raises further questions about the validity of UBS’s investment bank and whether an integrated model works for the Swiss group. Experts say they should concentrate on wealth management.

Grübel should have stayed to steady the ship; Ermotti becomes fourth CEO in four years, but what are his credentials for the role?; and a lame duck chairman cannot be the right person to force through the changes that UBS urgently needs to make

The Abigail with attitude column calls for the dismissal of anyone involved with the regulation of UBS’s investment bank.

Euromoney exclusively reveals that UBS’s operational risk management unit uses a database of case studies of major loss events, including other rogue trader scandals in history.

New disclosures on UBS’s $2.3 billion loss adds to doubts about the quality of Swiss bank’s risk management controls and practices

With UBS ETF trader Kweku Adoboli being arrested for potentially losing the Swiss bank $2 billion in unauthorized trades, the potential systemic risk associated with ETFs has again been placed in the spotlight

Swiss firm’s reputation for risk management in tatters again after discovering losses from unauthorized trading in UBS’s London office

UBS follows Goldman Sachs, HSBC, Barclays and Credit Suisse

The strong first-quarter results at UBS might have come just in time to prevent the implosion of its bid to regain a spot at the top table of investment banking.

“A UBS insider points out that the landscape in the securities division is flatter: ‘A layer has been removed.’ But I still think Carsten Kengeter has too many lieutenants”

Departures follow senior investment bank changes; Former Barclays team now in control

Athanasopoulos adds to responsibilities as two FX stalwarts set to leave firm

Many investors in structured credit deals are anxiously awaiting the outcome of SEC investigations into a number of CDO transactions, hoping that they will be able to bring lawsuits of their own if the banks are forced to settle. But the statute of limitations means that they might have already left it too late.

Swiss bank announces key hires; Next step in recovery from Pactual sale