Friday Mar 7
Fort Dearborn Income Securities, Inc. Reports Dividend Distribution
The dividend is payable on March 31, 2014 to shareholders of record as of March 17, 2014.
Trending on the Topix Network
Friday Mar 7
UBS's Brazil unit to make quiet return to investment banking - sources
Two sources, who are not authorized to speak publicly on the matter, said on Friday that UBS and Brazil's central bank agreed on setting March 12 as the date to activate the investment-banking license.
Friday Mar 7
Credit Suisse's U.S. clients in limbo as prosecutors inch ahead
Thousands of Credit Suisse Group AG's U.S. clients still don't know whether tax authorities will learn their identities as prosecutors work to conclude a three-year probe of how the bank helped them evade taxes using Swiss bank secrecy.
Tue Mar 04, 2014
Detroit to Pay $77 Million in Accord With UBS,...
Top Planning Concerns for UHNW Clients Working with UHNW clients requires more than solid investment management and estate planning, according to advisor Paul Pagnato, founder of the Pagnato-Karp Group.
UBS Declares Coupon Payments on Seven Monthly Pay ETRACS Exchange-Traded Notes
RWXL: linked to the Dow Jones Global ex-U.S. Select Real Estate Securities Index DVYL: linked to the Dow Jones U.S. Select Dividend Index SDYL: linked to the S&P High Yield Dividend Aristocrats Index MORL: linked to the Market Vectors Global Mortgage REITs Index DVHI: linked to the NYSE Diversified High Income Index DVHL: linked to the NYSE ... (more)
Detroit to pay $77 million in accord with UBS, Merrill Lynch
Detroit agreed to pay $77.6 million to UBS AG and Bank of America Corp.'s Merrill Lynch unit to end interest-rate swaps that have cost taxpayers more than $200 million since 2009, according to a court filing in the city's bankruptcy.
Crain's Detroit Business
Detroit to pay $78 million in swaps deal with UBS, Merrill Lynch
The settlement, which is a 70 percent reduction in the amount the city was liable for under the 2009 agreement, will release from claims by the banks and provide "greater certainty with respect to the city's cash flows and liquidity," Detroit's attorneys said in a filing today seeking approval for the accord from U.S. Bankruptcy Judge Steven ... (more)
MOVES- Credit Suisse, RBC Wealth Management
The Zurich-based bank said Marcus SlA A r had joined the company as managing director and Malaysia market leader for private banking Asia Pacific and would be based in Singapore.
Fri Feb 28, 2014
Swiss watchdog nominates ex-UBS banker to be new head -sources
A British-born former UBS banker has been nominated to lead Switzerland's financial regulator after the surprise exit of its former head, three sources familiar with the matter told Reuters.
Thu Feb 27, 2014
Ex-UBS banker pleads guilty in 17-year U.S. tax scheme
A Swiss financial adviser became the fourth ex- UBS AG banker to plead guilty to aiding wealthy Americans evade taxes, admitting that for 17 years he helped U.S. clients maintain secret overseas accounts.
Swiss banks: Thrown to the dogs
PRIZING discretion as they do, Swiss bankers prefer to avoid the limelight. Especially uncomfortable is the attention of the United States Senate, where a subcommittee headed by Carl Levin has gone after American tax dodgers and their accomplices like a starving hound chasing a fox.
Wed Feb 26, 2014
The Hartford Courant
Credit Suisse CEO fights back on tax evasion claims
Credit Suisse's chief executive will hit back at allegations the Swiss bank was a willing accomplice in U.S. tax evasion on Wednesday, blaming instead a small group of its private bankers for helping Americans conceal their wealth.
UBS Completes First Broker-Style Interest-Rate Swap Trade for a Client on an Anonymous SEF Order Book
According to a release, UBS routed the first trade using true agency style execution; the client communicated their order via UBS Neo, the unique global distribution and execution services platform, which was routed to the Swap Execution Facility , with the pre-trade credit check against UBS as "Standby Clearer" at the SEF prior to the trade's ... (more)
Resource Investing News
UBS Sees Gold Reversing to $1,280 in March
Mineweb reported yesterday that although gold has performed well in February, a month that is historically not good for the metal, UBS AG expects its luck to run out in March, also typically a poor month for gold prices.
Tue Feb 25, 2014
Credit Suisse Said to Be Faulted by Senate Over Tax...
Connecting With Clients' Children Off-to-college meetings can help advisors strengthen relationships with the next generation of potential clients.
Senate Report Said to Blast Credit Suisse Over Tax Dodges
A U.S. Senate committee report will slam Credit Suisse Group AG for helping American clients evade taxes and reprimand the Justice Department for not pursuing offshore banks aggressively enough, according to people familiar with the findings.
Mon Feb 24, 2014
UBS ready to pay 200 mln euros in German tax probe - report
Swiss bank UBS is prepared to pay a fine of up to 200 million euros in an investigation of alleged tax avoidance by the lender's German clients, a German newspaper reported on Tuesday.
Hedge Fund News: George Soros, Thomas Steyer & Nouriel Roubini
Soros considers investing in European banks George Soros wants to invest in Europe's financial sector, according to a German magazine's interview with the billionaire investor on Sunday [Feb. 23].
Sun Feb 23, 2014
UBS Said to Seek Immunity in Currency-Rigging Probes by EU, U.S.
UBS AG , trying to reprise its success in limiting fines in a probe of interest-rate rigging, is seeking immunity in the U.S. and European Union as part of the global investigation of currency markets, two people with knowledge of the case said.
Sat Feb 22, 2014
Resource Investing News
UBS Boosts 2014 Gold Price Outlook
Bloomberg reported yesterday that UBS AG has increased its 2014 gold price forecast to $1,300 per ounce, $100 higher than its previous target of $1,200.