Ubs Ag News

UBS ' French unit could be placed under formal investigation in the coming days as part of a broader probe into the Swiss bank's business practices, a person familiar with the matter said on Friday.

French unit could be placed under formal investigation in the coming days as part of a broader probe into the Swiss bank's business practices, a person familiar with the matter said on Friday.

Switzerland 's top negotiator in talks to resolve a U.S. Justice Department probe of Swiss banks that allegedly helped Americans dodge taxes will step down at the end of August.

Two Cary companies have been priced for their public debuts, and one already is off and running on Wall Street this morning.

Zuercher Kantonalbank, the biggest Swiss cantonal bank, expects to pay a fine to U.S. authorities as part of a deferred prosecution agreement for its alleged role in helping Americans evade taxes.

Swiss stocks are expected to open slightly lower on Wednesday, with European futures pointing to a mixed open as some markets ease off a month long rally ahead of U.S. Federal Reserve Chairman Ben Bernanke's testimony before Congress.

Julius Baer Group AG said Wednesday that assets under management rose 16% from the end of 2012 but cautioned investors that growth in new funds is being pressured by a crackdown on suspected tax evaders in Europe.

Scandals related to Deutsche Bank AG 's alleged misconduct have cost investors, and it cost them huge.

A look behind the numbers by Namitha Jagadeesh and Cecile Vannucci of Bloomberg News finds that the SPDR Metals & Mining ETF is reaching something of a crescendo of investor worry.

NPB Neue Privat Bank AG, a private asset manager catering to wealthy clients, confirmed Monday it is being investigated by the U.S. Justice Department as part of an effort to track down Americans evading tax obligations.

Steven Cohen 's SAC Capital Advisors LP is giving clients more time to decide whether to pull money from the firm's hedge funds amid a government investigation of insider trading, said a person familiar with the matter.

Its stock has been outperforming the market every year. Even this year, the stock has risen around 33%, compared to gain of more than 13% in the S&P 500 index.

ZURICH: In a 16th century Swiss castle in March the boss of UBS challenged the head of its private bank to explain his plans for overhauling the business of managing the money of the rich.

ROB Insight is The Globe and Mail's exclusive feature led by a team of award-winning editors and writers who provide you with in-depth analysis on breaking business news and the issues that matter most.

UBS's brokerage unit has named a new head for its private wealth management division, as the company looks to expand its business catering to clients with $10m or more in investable assets Tobin had only been at UBS since early 2012, having joined from Bank of America Merrill Lynch where he was a syndicate director within FIG.

Two hours after the opening bell, Citigroup Inc. is already up a healthy 1.36%, following in the footsteps of the rest of its peers.

UBS AG is always looking at all shareholder suggestions, Chief Executive Officer Sergio Ermotti said, a day after investor Knight Vinke Asset Management LLC called for a spinoff of the lender's investment bank.

UBS AG , the Swiss bank that is cutting about 10,000 jobs, plans to move out of almost three-quarters of the space it rents at Manhattan 's 299 Park Ave.

UBS AG is a client-focused financial services company that offers a combination of wealth management, asset management and investment banking services on a global and regional basis.

StockCall.com Provides Stock Research on UBS AG, Fidelity National Financial Inc., Ryman Hospitality Properties Inc., and Stifel Financial Corp Equity markets rebounded sharply on Thursday, paring almost all of the losses from the previous trading session.