UBS Financial Services News

"There's definitely been a flight to the dollar rather than gold as a shelter from the crisis in Europe , which doesn't look like it will abate soon," said Wang Xiaoli, chief investment strategist at CITICS Futures Co., a unit of China's biggest listed brokerage.

UBS Financial Services partnered with the Maine Affiliate of Susan G. Komen for the Cure and American Cancer Society to offer a Breast Cancer Symposium at USM in Portland on May 24th.

NEW YORK E.F. Hutton Group, a once dormant, storied Wall Street firm, said former UBS AG brokerage executive Jamie Price would join its board.

Wells Fargo Advisors has picked up a father-son financial advisor team from UBS Financial Services in Corpus Christi, Texas.

Sentiment indicators have yet to show signs of extreme pessimism during the Standard & Poor's 500 Index's retreat since April, suggesting there is still room for bears to push the market lower, according to UBS AG.

Alexander Friedman, chief investment officer at UBS AG, discusses the chances of Greece leaving the euro, efforts to recapitalize Spanish banks and the role of the European Central Bank.

's stock had its "neutral" rating reiterated by Zacks in a note issued to investors on Friday.

The fiasco of Facebook's IPO listing has left exchange operator Nasdaq OMX Group open to claims from market participants who lost money on failed or delayed trade executions, and these claims could well exceed $100 million.

Electricity for 2013 delivery in Germany, a European benchmark, slid to a record of 48.45 euros a megawatt-hour today, according to broker prices compiled by Bloomberg.

Facebook Inc. may fall more than 42 percent below its initial public offering price by the end of the year, according to bets by structured-product investors.

Art Cashin , UBS Financial Services' director of floor operations at the NYSE, never forgets to include a fun trivia question at the end of his daily newsletter, Cashin's Comments .

Morgan Stanley, owner of the world's largest brokerage, was upgraded to buy by UBS AG after the firm's shares dropped to a level Chief Executive Officer James Gorman deemed "inexplicable." Drags on trading revenue from Europe's debt crisis are already reflected in the price of Morgan Stanley's stock, which has fallen 23 percent this month, UBS ... (more)

Structured products betting on the future stock price of Facebook Inc. are being sold by banks as the social network raises as much as $16 billion in the largest initial public offering by a technology company.

NYSE Euronext, the biggest U.S. exchange owner, was notified of the decision, James Dunseath, an exchange spokesman in London, said yesterday.

A former UBS AG trader who was fired after the bank found he worked with a colleague to manipulate trading figures sued for unfair dismissal in London.

In a Financial Industry Regulatory Authority Arbitration Statement of Claim filed in August 2010, Claimants Rivadavia and Gerson alleged breach of fiduciary duty; unsuitability; misrepresentation; fraud; churning; negligence; and gross negligence in connection with their purchases of Class A and C mutual funds, among which were the Templeton BRIC ... (more)

Fatca, introduced after UBS AG said in 2009 that it aided tax evasion by Americans, is already helping to improve banking transparency, Neal said.

NEW YORK Morgan Stanley and Barclays PLC posted top bids for $1.5 billion of complex commercial real estate securities put up for sale last week by UBS AG , according to two people familiar with the bidding.The win marked its second such purchase for Barclays in less than two weeks, after the firm and partner Deutsche Bank AG emerged as winning ... (more)

Hartford Financial Services Group Inc., the insurer scaling back under pressure from investor John Paulson, said it's raising rates and changing managers at its group disability business after results missed expectations.

The following financial services industry appointments were announced on Monday.