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Exclusive: UBS brokerage unit shakes up management: memo
NEW YORK (Reuters) - The U.S. brokerage arm of UBS AG UBSN.VX (UBS.N) shook up its leadership ranks on Friday, removing a layer of management under Chief Executive Officer Robert McCann and giving private wealth management head Jason Chandler a bigger ...
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Swiss Secrecy Besieged Makes Banks Fret World Money Lure Fading
The pursuit of UBS by U.S. tax authorities has opened floodgates to attacks on other Swiss banks that threaten to tear down the bastion of secrecy.
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UBS in revival mode, to focus on transaction banking space
... we realise a strong corporate banking model carries more weight. We are going to set up transaction banking capab ility, which mitigates you from the credit perspective," Kamat, managing director and group CEO, India, UBS AG, told ET in an interview.
U.S. Tax-Evasion Probes Said to Slow as Prosecutors Transfer
The transfers came amid criminal probes of at least 11 Swiss financial institutions, including Credit Suisse Group AG, with the tax division leading or assisting each prosecution.
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Paul Clement, Wynn Resorts, Lehman, BofA, UBS in Court News
Aruze USA, through which Okada invested in Wynn Resorts, disputes that any redemption occurred because Wynn is legally barred from redeeming the securities, lawyers for Okada and the holding company said yesterday in a counterclaim filed in federal ...
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UBS Hires Bank of America's Orcel to Co-Run Investment Bank
UBS AG (UBSN) hired Andrea Orcel, a top Bank of America Corp. (BAC) dealmaker ... �I am pleased that we are adding Andrea's depth of experience and skillset to our group executive board,� said UBS Chief Executive Officer Sergio Ermotti. �Taken together ...
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United States Department of Justice files indictments against Switzerland's ...
Wegelin had no branches outside of Switzerland, but accessed the U.S. banking system through a correspondent bank account it held at UBS AG in Stamford, Conn. This is the first time that a foreign bank operating outside of the United States has been ...
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In food wars, Greek yogurt takes palates by storm
Energy drinks, which rose from nothing to a multibillion-dollar empire, took twice that time to log the same amount of growth in the soft-drink category, according to a report from UBS. Greek yogurt has driven the vast majority of sales growth in its ...
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UPS Near Deal to Buy TNT Express
UPS is already the world's largest international package shipper by revenue, above FedEx Corp. and the DHL unit of Deutsche Post AG . TNT Express reported revenue of �7.25 billion last year�two-thirds of it from European business�that would add to ...
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Moody's Publishes Expected Timetable for Conclusion of Bank Rating Reviews
Today's publication follows the announcement on 15 February 2012 of reviews that incorporate 114 European banking groups and an additional eight non-European firms with large capital markets franchises (see press releases "Rating Action: Moody's ...
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