Friday Dec 6
UBS Puerto Rico faces 'Whopper' of a problem over muni bond funds
The woes stemming from UBS AG 's unit in Puerto Rico over the sale of local, closed-end municipal bond funds have landed squarely in the lap of UBS brokers and financial advisers in the island commonwealth.
Thu Dec 05, 2013
Insurance News Net
Highland Capital Brokerage Names New Managing Principals
Highland Capital Brokerage announced today that it has hired new managing principals for its Philadelphia, PA, and Charlotte, NC, locations effective January 1, 2014.
UBS Names Ulirch Koerner to Head Asset Management Unit as Fraser Retires
UBS AG , Switzerland 's biggest bank, said Ulrich Koerner will become the head of global asset management in 2014 as John Fraser retires.
Wed Dec 04, 2013
The Real Deal
From left: REBNY's Steven Spinola and a piggy bank
The Real Estate Board of New York is aiding members in their retirement planning by extending optional enrollment in a 401K plan, the association said.
The Washington Post
Deutsche Bank Fined for Benchmark Rigging as EU Tops Record
Deutsche Bank AG and Royal Bank of Scotland Group Plc are among six companies fined a record 1.7 billion euros by the European Union for rigging rates linked to Libor.
Tue Dec 03, 2013
U.S. Stock-Index Futures Decline; Apple Advances as Yum! Drops
U.S. stock-index futures declined, following a two-day drop in the Standard & Poor's 500 Index, before economic data this week may give investors an indication about the strength of the economy.
Mon Dec 02, 2013
Morgan Stanley Adds Junk-Debt Analyst Corsair From Shrinking UBS
Morgan Stanley hired high-yield debt analyst Todd Corsair from UBS AG as the fourth-largest underwriter of U.S. corporate bonds bolsters its position and the Swiss firm reduces the size of its investment bank.
UBS Offers to Buy Back 1.75 Billion Euro of Bonds in Public Tender
UBS AG , Switzerland 's largest bank, is offering to buy back 1.75 billion euros of outstanding bonds as it seeks to lower interest costs and shrink its balance sheet.
Sat Nov 30, 2013
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Fri Nov 29, 2013
Main Swiss Banks launch Finance Council
The two major Swiss banks Credit Suisse Group AG and UBS AG launch on Thursday "the Swiss Finance Council " to engage in financial policy discussions at European and international level and in dialogue around policy developments in finance at European and international level.
Wed Nov 27, 2013
UBS Investment Bank Bans Social Chat Rooms
UBS AG , Switzerland 's biggest bank, is banning the use of multibank and social chat rooms at its investment-banking division as global regulators probe the alleged manipulation of foreign exchange rates.
Former UBS Trader Says Wrongful Firing Lawsuit Settled
Former UBS AG Singapore trader Prashant Mirpuri settled his lawsuit claiming the bank wrongly fired him in a bid to cover up its role in the rigging of rates in the country, according to his lawyer.
Tue Nov 26, 2013
Goldman Sachs to GLG Open Asia Hedge Funds as Big Is Chic
Global banks and assets managers are opening hedge funds in Asia for the first time since the 2008 financial crisis, putting pressure on smaller firms that are already struggling to hold onto investors.
The Washington Post
Gold Swings Above Four-Month Low as Investors Weigh Fed Stimulus
Gold swung between gains and losses in London after reaching a four-month low yesterday as investors weighed the outlook for reduced U.S. stimulus and slack physical demand.
Mon Nov 25, 2013
UBS offers to repurchase Puerto Rico muni bond funds, plaintiff's attorneys say
A unit of UBS AG in the past two weeks has offered to repurchase shares of moribund, closed-end municipal bond funds invested in Puerto Rico muni securities from a select number of clients, according to plaintiff's attorneys.
Sat Nov 23, 2013
Ubs Ag Lowered to Buy at Goldman Sachs Group Inc.
Several other analysts have also recently commented on the stock. Analysts at Bank of America Corp. downgraded shares of UBS AG from a "buy" rating to a "neutral" rating in a research note to investors on Wednesday, October 30th.
Fri Nov 22, 2013
Goldman Sachs Said to Seek Buyer for Uranium Unit
Goldman Sachs Group Inc. put its uranium trading unit up for sale as prices for the radioactive metal fall and regulatory scrutiny of banks' commodity activities increases, a person briefed on the matter said.
UBS targets wealthy Africans
UBS AG, the world's biggest wealth manager, is targeting millionaire clients in oil-rich Nigeria and Angola as Swiss rival Credit Suisse Group AG withdraws from some African markets.
Thu Nov 21, 2013
UBS expert: Buy medical stocks of innovators, cost savers and 'efficienators'
Over the next few years, the best-performing health care stocks will be those of companies that cut costs, make the health care process more efficient or can innovate, said Jerry Brimeyer , health care analyst for UBS Financial Services Inc. Brimeyer spoke at a well-attended event for UBS clients Wednesday evening at Big Spring Country Club.
Credit Suisse begins ring-fencing Swiss bank ops
Zurich-based Credit Suisse said it planned to create a subsidiary for its Swiss operations, which are focused on wealth management, retail and corporate banking, and institutional clients.