UBS Financial Services News

* Sweden's Recipharm has hired UBS AG to advise on either a partial sale of the pharmaceutical company or a listing on the Stockholm exchange, a source close to the process told Reuters on Thursday.

Hong Kong shares rose Wednesday, with the Hang Seng Index rebounding from its biggest two-day drop in a month, as consumer stocks Li & Fung Ltd.

Asian stocks rose as Japan's Nikkei 225 Stock Average climbed above 15,000 for the first time since January 2008 after the yen touched a 4 1/2-year low against the dollar, boosting the earnings outlook for exporters.

JPMorgan Chase & Co. 's revenue from its markets businesses, which include trading of bonds and equities, is about 10 percent to 15 percent greater so far this quarter than the year-earlier period, a senior executive said.

U.S. prosecutors are seeking record prison terms, including one approaching 20 years, for three former UBS AG bankers who were convicted of conspiring to deceive U.S. cities and towns by scheming to rig bids to invest municipal bond proceeds.

Emerging-market stocks rallied, erasing this year's declines, as China's export growth stoked gains in technology companies and a surge in Turkish banking shares sent the Borsa Istanbul index to a record.

A veteran broker from UBS AG's Wealth Management Americas division has moved to rival brokerage Morgan Stanley Wealth Management, joining the company's office in West Palm Beach, Florida.

Mukesh Kumar Chhaganlal said he tried to warn his manager at UBS AG about the "increasingly unrealistic" currency rates being set last year for the Indonesian rupiah against the dollar.

Bond insurer Assured Guaranty Ltd said UBS AG will pay it $358 million to settle a lawsuit that accused the bank of falsely representing the quality of the loans underlying $1.49 billion of mortgage-backed securities.

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.

Deutsche Bank AG, Germany's biggest lender, hired three people for its U.S. investment-grade debt group, including an analyst and two traders.

UBS AG Chief Executive Officer Sergio Ermotti defended his overhaul of Switzerland's biggest lender as investor Knight Vinke Asset Management LLC called for a spinoff of its investment bank.

UBS Financial Services Inc. - Wealth Management Americas has promoted three financial advisers: Steven Neff to senior vice president, wealth management.

The UBS logo is seen at the UBS 40th Annual Global Media and Communications Conference in New York, Dec.

Swiss cheese took one look at the Mouse House and sent the Dow up again, with a Walt Disney upgrade out of Zurich's own UBS AG propelling that stock 1.83% higher to an historic best.

UBS AG , Switzerland's biggest bank, reported first-quarter earnings that beat analyst estimates on higher revenues at the investment bank and in wealth management.

Switzerland's central bank has posted a profit of 11.2 billion francs for the first quarter on gains in its foreign currency holdings, a major turnaround from the previous year.

SWITZERLAND'S biggest bank, UBS AG, has posted a $US1 billion net profit in the first quarter, lifted by strong showings from its investment bank and management for wealthy clients.