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UBS AG (UBS) (UBS), Switzerland’s biggest bank, was sued for fraud in New York, accused of misleading investors in a group of collateralized debt obligations. UBS made misrepresentations about the CDOs’ risk, leading to losses of at least $ ...
May 24, 2012 at 16:40 | Source: Businessweek
ZURICH (Reuters) - UBS AG (UBSN.VX) could see up to 10 percent of its European assets of 300 billion Swiss francs (199.52 billion pounds) moved out due to pressure to clamp down on untaxed accounts, the head of the wealth management business was ...
May 26, 2012 at 11:37 | Source: Reuters UK
NEW YORK May 25 (Reuters) - UBS AG had trading losses of around $30 million stemming from Facebook Inc's botched initial public offering on Nasdaq OMX Group Inc's U.S. exchange, a source with knowledge of the situation said on Friday. UBS was ...
May 25, 2012 at 20:07 | Source: Reuters
UBS AG (UBSN) will combine the back offices of its wealth management and investment banking divisions on July 1, Handelszeitung reported, citing an internal memo to staff and Andreas Kern, a spokesman for the bank. Ulrich Hoffmann, currently ...
May 22, 2012 at 17:47 | Source: Bloomberg
NEW YORK (Reuters) - UBS AG had trading losses of around $30 million stemming from Facebook Inc's botched initial public offering on Nasdaq OMX Group Inc's U.S. exchange, a source with knowledge of the situation said on Friday. UBS was one of ...
May 25, 2012 at 20:14 | Source: Huffington Post
Each time UBS tries to leave behind its string of mishaps, the past keeps coming back to haunt Switzerland’s largest bank by assets. Just as it reported a healthy inflow of net new money from clients in its wealth management business a few weeks ago, the ...
May 23, 2012 at 02:58 | Source: Financial Times
A former UBS banker has been banned from the UK financial services industry for conducting nearly $30bn in “unauthorised” trades and establishing an illegal offshore investment vehicle for one of India’s largest companies. On Monday a London tribunal ...
May 20, 2012 at 23:55 | Source: Financial Times
Dubai: A member of Kuwait's ruling family, Shaikh Mesha'al Jarah Al Sabah, is suing Swiss bank UBS in Dubai, alleging unpaid fees. UBS AG invited Shaikh Mesha'al to apply for a non-executive position with the bank soon after it became the lead adviser to ...
May 27, 2012 at 20:33 | Source: Gulf News
THE market-making arms of UBS and Citigroup suffered combined losses of about $US50 million ($51.2m) on trades made during this month's glitch-plagued listing of Facebook on the Nasdaq Stock Market. Citigroup's losses stemming from the problematic debut of ...
May 27, 2012 at 19:29 | Source: The Australian
The market-making arms of UBS and Citigroup suffered combined losses of about $50 million on trades made during last Friday’s glitch-plagued listing of Facebook on the Nasdaq Stock Market, according to persons familiar with the matter.
May 25, 2012 at 18:27 | Source: Wall Street Journal