Zurich  - Shares in Swiss banking giant UBS AG fell Tuesday after the embattled financial house announced plans for a shakeout in its top management in the wake of another quarterly loss.

Zurich-based UBS, which has emerged as one of the prominent victims of the US mortgage meltdown, said it chalked up a loss of 358 million Swiss francs (330 million dollars) in the three months to the end of June.

The second-quarter loss was the group's fourth consecutive quarterly loss and compared to a 11.5-billion-franc loss in the first quarter this year. UBS reported a
5.5-billion-franc profit in the second quarter last year.

Zurich - Swiss interior designer Hannes Wettstein has died at age 50, friends of the family confirmed Sunday following a newspaper report. 

Zurich- Shares in UBS AG bounded ahead Friday after the Swiss banking giant said it hopes to post second-quarter earnings "at or just below breakeven," despite it battle to overcome the fallout fro

Zurich - Around 13,000 people marched through Zurich old town Saturday for the Christopher Street Day march, according to police.

Zurich  - Swiss banking group UBS reported Tuesday it lost 11.53 billion francs (10.96 billion dollars) in the first quarter of 2008, as the bank felt the effects of the international financial mar

Zurich - Switzerland's second biggest bank Credit Suisse reported Thursday a bigger-than-expected first quarter loss as well as another 5.3 billion Swiss francs (5.2 billion) in write-downs of risk