UBS

UBS shareholders have bought more than 99% of the shares offered within the bank's £7.9bn rights issue.

Swiss banking giant UBS has revealed it will make one of Europe's largest ever rights issue calls, asking shareholders for CHF16m (£7.94bn).

UBS has announced it will write off a further $19bn in bad debt as the Swiss banking giant struggles to restore its capital base.

UBS has reported the largest ever Q4 loss for a bank and its first yearly decline in a decade after the European giant was forced to writedown $13.7bn in US sub-prime debt.

Swiss banking giant UBS has this morning announced a further $10bn (£4.9bn) write down of its US sub-prime holdings.

Threadneedle today launched the first fund in its new 130/30 strategy range, the American Extended Alpha.

MGM Assurance has dropped UBS Global Asset Management and appointed four managers to its £160m MGM Global Equity fund.

UBS Global Asset Management has appointed James Bampton as head of nationals and networks.

James Hay has added the UBS Corporate Bond UK Plus fund to its wrap platform, taking its total number of funds on its wrap to 1,164 from 50 providers.

Standard Life has added eight new external funds to its life and pensions range, including propositions from Macquarie, Investec and JP Morgan.