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28 Sep 2011, 1:55 pm by By MICHAEL J. DE LA MERCED
In case UBS employees doubted the bank's plans to keep its investment banking operations, the interim chief executive reiterated that the division was not going away. [read post]
27 Sep 2011, 9:01 am by Mark J. Astarita, Esq.
He will have to shrink an investment bank to conserve capital as well as bolster the bank's wealth management operations, which generate about 41 percent of the bank's revenue. [read post]
23 Sep 2011, 8:45 am by By JULIA WERDIGIER
The board of UBS, meanwhile, continues a meeting in Singapore to discuss the future of its investment banking business. [read post]
20 Sep 2011, 2:02 pm by Darrin Mish
As with the case of UBS Bank, the IRS is going to foreign banks to demand the banking details of their American clients suspected of tax evasion. [read post]
16 Sep 2011, 6:01 am by Mark J. Astarita, Esq.
You would think we were talking about Bank of America, but no, this time it is UBS, another bank that cannot run a brokerage firm or investment bank.UBS has proven itself to be a disaster, and it is amazing that more individual at UBS have not gone to jail, or at least been banned from the securities industry. [read post]
15 Sep 2011, 4:42 am by Kim Krawiec
From the FT: Kweku Adoboli, a 31-year old trader in UBS’s London-based exchange traded funds business, was arrested on Thursday morning in connection with a $2bn loss due to unauthorised trading at the Swiss group’s investment bank. [read post]
15 Sep 2011, 1:18 am by By MATTHEW SALTMARSH
The struggling Swiss bank said on Thursday that a rogue trader in its investment bank had lost $2 billion. [read post]
24 Aug 2011, 11:52 am
” Forty-five percent of the cuts will come from investment banking and thirty-five percent will come from the wealth-management and Swiss bank unit. [read post]
19 Aug 2011, 6:11 pm by Darrin Mish
FATCA was introduced after the UBS debacle in 2009 where Swiss bank UBS was fined a penalty of $780 million for abetting US taxpayers in hiding their taxable money in UBS accounts. [read post]
9 Aug 2011, 1:55 pm by Darrin Mish
In a separate development, Martin Lack, a former UBS AG banker and now a Swiss resident and investment consultant, was indicted on a charge of conspiring to help wealthy Americans evade taxes by hiding accounts in a smaller Swiss regional bank. [read post]
If you are an investor that has suffered losses investing in a structured product, principal-protected note, junk bond, or floating-rate bank loan, your losses may be recoverable through securities arbitration. [read post]
20 Jul 2011, 6:50 am by admin
In 2009, for instance, Wuhan’s big investment company, Wuhan UCID, borrowed $230 million from investors and then used nearly a third of the money to repay some of its bank loans. [read post]
17 Jul 2011, 8:49 am by sandylaw
  UBS AG paid a reported $780 million USD as part of a deferred prosecution agreement. [read post]
Last year banks and brokers sold more than $52 billion in structured notes, according to the study. [read post]
21 Jun 2011, 6:32 am by admin
  These hulks are the residue of a belief that has for more than a decade gripped China:   Real estate is also a favored investment of Chinese looking to get better returns than bank deposits pay. [read post]
20 Jun 2011, 8:49 am by admin
Lifting the amount of cash banks must hold in reserve 11 times—essentially reducing funds banks can lend. [read post]
15 Jun 2011, 6:47 am by By BEN PROTESS
Two weeks after Citi hired two investment bankers from the struggling Swiss bank, UBS said that it nabbed two top Citi officials for its technology group. [read post]
15 Jun 2011, 6:33 am
Law360 is reporting that AllianceBernstein has sued one of its former financial advisers with a contract suit in New York state court on Monday, accusing him of using the investment firm's trade secrets to solicit clients on behalf of his new employer, UBS Financial Services.Defendant David Moran worked for AllianceBernstein from 2001 until Friday, when he abruptly quit and immediately signed on with competitor UBS, according to the complaint. [read post]
13 Jun 2011, 12:28 pm by By DEALBOOK
Marc-Anthony Hourihan and Ehren Stenzler will lead the advisory group as the bank seeks to shore up its investment banking business. [read post]