Ubs Ag

US financial giant BlackRock said it had no plans or interest in a rival bid for Credit Suisse, reports have suggested that the Deutsche Bank was looking at the possibility of buying some of the bank's assets.

UBS Dubai taps Credit Suisse bankers to target wealthy Indians

Sanjay Advani and members of his team that serve non-resident Indians are set to join UBS in the coming months, people familiar with the matter said, asking not to be named because the information is private.

Analyst: Reliance Jio's launch is good news... even for rivals

The launch of Reliance Jio, thanks to its focus on cheap data plans, is going to significantly expand India's data market, leading to an opportunity even for its large rivals, says Suresh Mahadevan of UBS.

Telecom consolidation is the writing on the wall:UBS's Mahadevan

Suresh Mahadevan, ‎Managing Director - Head of Asian Telecom and Media research at UBS AG, told CNBC-TV18 that the brokerage is bullish on the telecom space owing to the huge data growth opportunity it presents to telcos.

4G data pack price cut to boost telcos' revenue: UBS AG

Telecom stocks have been under pressure lately as industry majors Airtel and Idea announced a major price cut for their data plans, ahead of Reliance Jio's launch on August 15.

Rapid data growth to boost telecom industry: UBS AG

The big picture for the sector is surrounded by rapid growth in data consumption, revenue growth and EBITDA margins expansion, says Suresh Mahadevan of UBS AG.

Ferrari faithful rev IPO price to top of range

Ferrari, controlled by Fiat Chrysler Automobiles NV (FCA), pulled out all the stops to market itself to some of its cars' owners as well as Wall Street, and also limited the offering to a 9.1 percent stake in the company.

Rel Jio's entry to bring in affordable data pricing: UBS AG

UBS Evidence Lab had conducted a survey of 1250 wireless subscribers aged between 18 and 75, residing in five major cities and six out of ten customers indicated a lack of interest in Jio.

Legend gets HK approval for up to $2 bn IPO: Sources

This would be the largest IPO in the city since property developer Dalian Wanda Commercial Properties Co Ltd raised USD 4.04 billion in December and comes amid a boom in capital markets activity.

UBS poaches Bank of Montreal oil banking team: Sources

The moves come amid plummeting oil prices that have prompted banks to try to lure talented energy bankers with deep technical expertise. Such bankers can help them win new investment banking business from companies that want to shed assets.

Spectrum auction: UBS AG sees 900 MHz at 60% premium

Suresh Mahadevan expects 900 MHz to settle at 60 percent premium. He sees Bharti and Idea spending little over Rs 18,000 crore and Rs 24,000 crore respectively.

Remain upbeat on Bharti Airtel; target price Rs 420/Sh: UBS

Suresh Mahadevan of UBS AG continues to be positive on telecom player Bharti Airtel with a target price of Rs 420/share. Sharing views on the recent management rejig at the company, he said that Bharti is bold enough to change leadership in India and Africa and Gopal Vittal now the CEO & MD, India and South Asia will be positive influence.

Deutsche Bank to pay $1.9 bn to settle U.S. mortgage case

The deal, negotiated by the Federal Housing Finance Agency, is the second-largest regulatory settlement over claims banks engaged in fraud in packaging and selling mortgage-backed securities, after a USD 13 billion deal with JPMorgan Chase & Co.

Idea, Bharti Airtel likely to do well: Suresh Mahadevan

Suresh Mahadevan, Head-Asia Telecom at UBS AG feels that Idea Cellular and Bharti Airtel are likely to do well over the next two-three years.

Bharti, Idea, Voda to rule telecom, consolidation soon: UBS

UBS AG's Suresh Mahadevan is hopeful that the upcoming auctions in December-January will go through smoothly. However, he says that Wednesday's announcements from the Telecom Commission were not very material.

Five years after Lehman, risk moves into the shadows

Five years after the collapse of Lehman Brothers turned a mortgage crisis into a full-blown financial panic, banks are pulling back their balance sheets from the fringes of the credit markets.

Expect at least one rate cut going forward: Economists

As per consensus expectations, the Reserve Bank of India (RBI) cut its policy interest rate by 25 basis points for the third time since January on Friday. It kept the cash reserve ration unchanged. In its statement RBI said there was little space for further easing.

Swiss bank Wegelin to pay $58 mn in US tax evasion case

A US court on Monday sentenced Wegelin & Co, the oldest Swiss private bank, to pay nearly USD 58 million after it admitted to helping wealthy Americans evade taxes.

Morgan Stanley cuts 1,600 jobs as business languishes

Morgan Stanley plans to cut 1,600 employees starting this week, two people familiar with the matter said on Wednesday, in the latest sign of a pullback on Wall Street as revenue from trading and deal-making remains in the doldrums.

Rupee may not breach 55.46-55.50 in near-term: UBS AG

The rupee has been very volatile over the last few sessions. In an interview to CNBC-TV18, Ashish Vaidya, UBS AG says in the short-term, rupee may not breach 55.46-55.50. "We will have to wait for the winter session of parliament. There is also expectation on GAAR. So, there could be some positive vibes," he adds.

UBS to cut up to 10,000 jobs bankwide: Source

UBS AG , Switzerland's biggest bank, is expected to cut up to 10,000 jobs across the company as it contends with shrinking revenue and rising capital requirements, a person familiar with the company said.

UBS sees F1 revenues up 9.2% a year till 2016

UBS AG expects revenue at motor racing business Formula One to grow 9.2% a year from 2011 to 2016, driven by an increase in the number of races and rising advertising and sponsorship sales, a research note seen by Reuters on Wednesday showed.

Equity only light in Europe rumble: UBS AG

Europe has been a little better on Thursday partly because Ben Bernanke hinted that he is ready to provide stimulus. Stephane Deo of UBS AG tells CNBC-TV18 how Europe is coping.

UBS grabs Merrill rainmaker to head investment bank

UBS AG has poached Bank of America Merrill Lynch's top European dealmaker, Andrea Orcel to co-head its investment bank with Carsten Kengeter.

Current consolidation will be short-lived: UBS AG

The equity markets world over have been jittery over the last few days. In an interview to CNBC-TV18, Stephane Deo, chief European economist of UBS AG says, everybody was expecting a correction because the run of equity, since November last year, has been quite impressive.