Articles by Knut Engelmann



UBS Celebrates Profit With $4.9Bln Payout

  • 11 February 04
  • Reuters
UBS posted its best quarterly profit in over three years Tuesday and said it will pay a record dividend as improved markets and tight cost control helped it beat even the most optimistic market expectations.

UBS Fires 500 of Its Investment Bankers

  • 19 June 03
  • Reuters
UBS AG will fire 500 investment bankers to compensate for falling revenues, it said Wednesday, giving in to growing cost pressures on the industry caused by a drop in equity trading and merger activity.

Credit Suisse Cuts Jobs, Payouts

  • 26 February 03
  • Reuters
Credit Suisse prepared to cut another 1,250 jobs and slashed its dividend on Tuesday as Switzerland's second-largest bank struggles to recover from a record 2002 loss amid tough markets and the risk of war in Iraq.

U.S. Fed Officials Keep Quiet On Issue of Interest Rate Hikes

Summers Calls for IMF to Alter Focus

New IMF Forecast Will Once Again Miss Target

Fed Set to Hold Interest Rates

U.S. Fed: Stability A Must

Albania's Berisha Concedes Defeat

Austria Net Providers Vow to Pull the Plug

Albania Leader Orders Tax Relief for Victims

Albanians March for 13th Day

Eastern Europe's Era Of Fast Growth Slows

Battle Beginning for Business in the Balkans