NEW YORK (Reuters) - UBS AG <UBSN.VX> is in talks to hire former Merrill Lynch executive Robert McCann to head its wealth management business in the Americas, the Financial Times said on Tuesday, citing people close to the negotiations. The newspaper said talks had accelerated after the Swiss bank struck a deal last week over a U.S ...

Swiss banking giant UBS reported on Tuesday an almost quadrupled net loss of 1.4 billion Swiss francs during the second quarter, said that customers continued to withdraw assets, and issued a "cautious" outlook. Market conditions improved during the period but the overall economic environment in most areas where the bank was operating remained recessionary, UBS said in a statement ...

ZURICH (Reuters) - Swiss bank UBS <UBSN.VX> <UBS.N> posted another big loss in the second quarter as wealthy clients were scared off by a U.S. tax row, but said it hoped to start winning back trust now that a U.S. deal was in sight. UBS said on Tuesday it remained cautious about its ...

Swiss banking giant UBS on Tuesday said it lost 1.4 billion Swiss francs (916 million euros, 1.32 billion dollars) during the second quarter, as it issued a "cautious" outlook for the coming months. Market conditions improved during the period but the overall economic environment in most areas where the bank was operating remained recessionary, said UBS. "Sustainable recovery ...