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Facebook Losses Slice UBS Profits
The fallout over Facebook Inc.'s initial public offering escalated Tuesday as UBS AG went on the attack against Nasdaq OMX Group Inc., NDAQ -0.07 % blaming the stock-exchange operator for trading flubs that erased a sizable chunk of its second-quarter ...
UBS Blames Facebook IPO For Quarterly Losses  ValueWalk
Wolf to Leave UBS to Form New Firm
He will continue to work on current mandates, pitches and generating new business for UBS. Please join us and the entire Group Executive Board in thanking Robert for his dedicated service and significant contributions to UBS. We look forward to ...
Bank of America, UBS, Wells Fargo Lead Wealth Manager Ranking
Bank of America Corp. kept its lead in a ranking of the world's 20 biggest wealth managers in 2011, while UBS AG climbed one place into second position, according to Scorpio Partnership.
Wife of Convicted Ex-Credit Suisse Broker Seeks Assets
HSBC Holdings Plc's head of group compliance, David Bagley, told a Senate hearing he will step down amid charges the bank gave terrorists, drug cartels and criminals access to the U.S. financial system by failing to guard against money laundering.
A Rocky Mountain Low
Ultimately, the solution for Mr. Marcos and the former lenders was to replace the remaining $250 million of debt with a $130 million mortgage from UBS AG. In addition, Mr. Marcos provided more than $15 million of additional equity, according to Mr. Wolf.
US Treasury chief urged Mervyn King in 2008 to reform Libor to prevent ...
The Bank of England Governor was drawn into the scandal that has engulfed Britain's banks yesterday as documents suggested US authorities warned him about potential rate-fixing more than four years ago. Sir Mervyn King was sent a private email by ...
The $800 Trillion Scandal: How Banks' LIBOR Lies Affected You
The U.S. Department of Justice slapped U.K. banking giant Barclays (BCS) with a $160 million penalty last week, declaring that "Barclays Bank's illegal activity involved manipulating its submissions for benchmark interest rates in order to benefit its ...
NRG Energy to Acquire GenOn Energy for About $1.7 Billion
“The all-share transaction is the latest in a series of mergers in the sector focused on minimizing cost structure given the pronounced power and gas downturn,” Julien Dumoulin-Smith, a New York-based analyst with UBS AG, wrote in a research note today.
Puerto Rico Chooses Airport Privatizer In $2.6B Deal
Law360, New York (July 19, 2012, 7:41 PM ET) -- A joint venture of New York fund manager Highstar Capital and Mexican airport operator Grupo Aeroportuario del Sureste SAB de CV emerged Thursday as the winning bidder in a $2.6 billion deal to operate ...
Bank Of America, Morgan Stanley, Citigroup: Global Banking Giants To Begin ...
Bank of America Corp (NYSE: BAC), Citigroup Inc. (NYSE: C), Wells Fargo & Company (NYSE: WFC), Goldman Sachs Group, Inc. (NYSE: GS) and Morgan Stanley (NYSE: MS) together have eliminated over 30,000 positions since June 2011.