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Contact information for Hayes couldn’t be found. Cecere said the holdings that Citigroup recorded losses on were one of many businesses that reported to him in his role overseeing sales and trading units in Asia. Banks including Citigroup, London-based...
UBS SDIC, a fund management joint venture between UBS AG and the parent of the State Development & Investment Corp (SDIC), will be able to arbitrage commodity futures through a managed account product. The product is likely to be sold to high net...
UBS CEO Sergio Ermotti speaks at a news conference announcing the bank's 2011 full year result in Zurich, Switzerland, Tuesday, Feb. 7, 2012. Switzerland's biggest bank UBS AG reported Tuesday a 76 percent drop in net profits during the fourth quarter... View Photo »
UBS AG unveiled long-anticipated plans for a major reduction in its investment bank, saying it will cut the unit's assets by half, shed flagging businesses and return to its roots by focusing on its huge private bank.
It also shows how the European debt crisis is reshaping the banking landscape as lenders sell businesses and seek to assure investors their funding is stable. The nine firms that reported the highest trading revenue in 2010 -- the group also includes...
HSBC, Barclays Plc and Royal Bank of Scotland Group Plc are among banks that have said they’ve received requests for information from global regulators in recent months. UBS AG said on Feb. 7 it had been given conditional immunity from the Swiss...
Sponsors include Blair W. Effron, partner and co-founder of Centerview Partners LLP; Marc Lasry, managing partner and founder of Avenue Capital Group; Mark Gallogly, a managing principal of Centerbridge Partners; James Rubin, managing director of BC...
The partially illuminated logo of Swiss bank UBS is pictured at an office building in Zurich February 6, 2012. Close Swiss-U.S. diplomatic and business ties helped seal a deal in 2009 for the country's biggest bank UBS AG to settle criminal tax charges... View Photo »
It follows a similar call by Nomura Holdings Inc. , which forecast a 10 percent gain in housing prices and 12.5 percent increase in retail rents this year. “Expectations that the low rates environment will continue is helping sentiment improve,” said...
It follows a similar call by Nomura Holdings Inc. , which forecast a 10 percent gain in housing prices and 12.5 percent increase in retail rents this year. “Expectations that the low rates environment will continue is helping sentiment improve,” said...
UBS AG (NYSE: UBS; SWX: UBSN; TYO: 8657) is a diversified global financial services company, with its main headquarters in Basel & Zürich, Switzerland. It is the world's largest manager of private wealth assets, "the world's biggest manager of other people's money" and is also the second-largest bank in Europe, by both market capitalisation and... Full Article
The partially illuminated logo of Swiss bank UBS is pictured at an office building in Zurich February 6, 2012. Close Swiss-U.S. diplomatic and business ties helped seal a deal in 2009 for the country's biggest bank UBS AG to settle criminal tax charges by paying a fine of $780 million.
View Photo »UBS CEO Sergio P. Ermotti attends a news conference in Zurich, Switzerland, Tuesday, Nov. 15, 2011. UBS AG said Tuesday that its board has appointed interim chief Sergio P. Ermotti to become the new permanent CEO, ending uncertainty over the Swiss bank's leadership following a rogue...
View Photo »A Swiss national flag is seen beside the logo of Swiss bank UBS at an branch office building in Basel October 25, 2011. UBS AG overcame a 1.8 billion Swiss franc ($2 billion) rogue trading loss to post a smaller than forecast fall in third quarter net profit on Tuesday as its core...
View Photo »FILE - In this April 19, 2011 file photo, Sergio Ermotti, chairman and CEO of UBS AG in Europe, Middle East and Africa poses for a photograph in Zurich, Switzerland. UBS AG said Tuesday, Nov. 15, 2011 that its board has appointed interim chief Sergio P. Ermotti to become the new...
View Photo »Swiss bank UBS Chief Executive Officer Oswald Gruebel wipes his eyes during the general shareholders meeting in Zurich in this April 15, 2009 file photo. UBS AG Chief Executive Oswald Gruebel will seek a vote of confidence at a board meeting in Singapore for plans to slash the...
View Photo »Swiss bank UBS CEO Oswald Gruebel walks on stage prior the start of the general shareholders meeting in Zurich in this April 15, 2009 file photo. UBS AG Chief Executive Oswald Gruebel will seek a vote of confidence at a board meeting in Singapore for plans to slash the investment...
View Photo »Swiss bank UBS Chief Executive Officer Oswald Gruebel arrives for his company's second quarter results news conference in Zurich in this July 27, 2010 file photo. UBS AG Chief Executive Oswald Gruebel will seek a vote of confidence at a board meeting in Singapore for plans to slash the...
View Photo »Swiss bank UBS Chief Executive Officer Oswald Gruebel reacts during a news conference in Zurich in this August 4, 2009 file photo. UBS AG Chief Executive Oswald Gruebel will seek a vote of confidence at a board meeting in Singapore for plans to slash the investment banking division that...
View Photo »A cobweb is seen in front of the logo of Swiss bank UBS in Zurich August 23, 2011. Switzerland's biggest bank UBS AG is to axe 3,500 jobs to shave 2 billion Swiss francs ($2.5 billion) off annual costs as it joins rival investment banks in reversing the hiring binge of recent years and...
View Photo »A man leaves the headquarters of Swiss bank UBS at the Paradeplatz square in Zurich August 23, 2011. Switzerland's biggest bank UBS AG is to axe 3,500 jobs to shave 2 billion Swiss francs ($2.5 billion) off annual costs as it joins rival investment banks in reversing the hiring binge of...
View Photo »A traffic sign is seen in front of an office building of Swiss bank UBS in Zurich August 23, 2011. Switzerland's biggest bank UBS AG is to axe 3,500 jobs to shave 2 billion Swiss francs ($2.5 billion) off annual costs as it joins rival investment banks in reversing the hiring binge of...
View Photo »FILE the July 26, 2011 file photo shows Oswald Gruebel, CEO of Swiss Bank UBS, speaking during a press conference announcing the second quarter results of 2011 in Zurich, Switzerland. Swiss bank UBS AG said Thursday, Sept. 15, 2011 it has discovered that unauthorized trading by one of...
View Photo »Oswald Gruebel, CEO of Swiss Bank UBS, speaks during a press conference announcing the second quarter results of 2011 in Zurich, Switzerland, Tuesday, July 26, 2011. Swiss bank UBS AG lowered its forecast and announced fresh job cuts Tuesday after posting sharply diminished...
View Photo »FILE - In this April 20, 2011 file picture the logo of UBS bank is photographed at a branch in Zurich, Switzerland. Swiss bank UBS AG said Tuesday Aug. 23, 2011 it is cutting 3,500 jobs worldwide as part of an effort to save 2 billion Swiss francs (US $ 2.5 billion) annually by the end...
View Photo »FILE - In this April 20, 2011, file photo, the logo of the Swiss bank UBS reflects the sun in Zurich, Switzerland. Scandal-hit Swiss bank UBS AG reported Tuesday, Oct. 25, 2011, a 39 percent drop in third-quarter profit from the same period last year, due to a rogue trading loss that...
View Photo »The partially illuminated logo of Swiss bank UBS is pictured at an office building in Zurich February 6, 2012. Close Swiss-U.S. diplomatic and business ties helped seal a deal in 2009 for the country's biggest bank UBS AG to settle criminal tax charges by paying a fine of $780 million.
View Photo »