Ubs

Facebook IPO Fiasco Cost Major Bank Millions

Reuters | Posted 05.26.2012

Read More: Facebook IPO 2012, Ubs, Morgan Stanley, Facebook IPO, Reuters, Nasdaq, Business News, Facebook Ipo Ubs, Big Banks, Business News

NEW YORK (Reuters) - UBS AG had trading losses of around $30 million stemming from Facebook Inc's botched initial public offering on Nasdaq OMX Group ...

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Feds Sue BofA, JPMorgan, Others Over Toxic Mortgage Bonds

AP | Posted 05.22.2012

Read More: Federal Deposit Insurance Corp., Fdic, Mortgage Securities, Bank of America, Mortgage Crisis, Royal Bank of Scotland, Hsbc, Deutsche Bank, Ubs, JPMorgan Chase, Video, Credit Suisse, Strategic Capital Bank, Citizens National Bank, Fdic Sues, Ap, Citigroup, Business News

WASHINGTON (AP) — The government has sued several big banks over toxic mortgage securities they issued that were bought by two small Illinois banks ...

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Investor: 'Big Banker Pay Hasn't Been Tamed At All'

Reuters | Posted 05.03.2012

Read More: Ubs Shareholders Executive Pay, Ubs, Ubs Shareholders, Shareholders Protest Executive Pay, Shareholders, Video, Executive Pay, Reuters, Business News, Big-Bank-News, Executive Pay Packages, Big Banks, Business News

By Katharina Bart ZURICH, May 3 (Reuters) - UBS became the latest bank to face the anger of its shareholders over exec...

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Obama Promises Summer Jobs In Aim To Lure Young Voters

Reuters | Posted 05.03.2012

Read More: Ubs, Video, Department of Education, Johnson & Johnson, U.S. Bureau of Labor Statistics, President Barack Obama, Reuters, Blue Cross, Summer Jobs, Blue Shield Association, Youth Unemployment, The White House, Business News

By Lily Kuo WASHINGTON, May 2 (Reuters) - The White House pledged on Wednesday to help lower-income youth find summer jobs in a move ...

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Occupy May Day Protests Yields 'Pop Up Encampment' In Zuccotti Park

Reuters | Posted 05.02.2012

Read More: Mission District, Williamsburg Bridge, Ubs, Video, May Day, Reuters, Occupy Wall Street, Bank of America, Rupert Murdoch, Banks, Fox News, Domestic Workers United, Zuccotti Park, Bryant Park, Slidepollajax, Occupy Movement, Business News

* Organized labor rejects call for general strike * Protests in Chicago, San Francisco * New York police...

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Judge Rules Billionaire Can't Blame Bank For His Own Tax Evasion

Reuters | Posted 04.11.2012

Read More: Fraud, Ubs, Video, Judge Andrew Guilford, Internal Revenue Service, Swiss Bank Accounts, Reuters, Swiss Banks, Property Developer, Tax Dodging, Tax Evasion, Forbes, Offshore Accounts, U.S. Justice Department, Business News

* Judge dismisses case a month before trial * Former client tried to blame Swiss bank By Lynnley Browning ...

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Can Goldman Sachs and Wall Street Compete on Improving Society, Not Just Wealth Accumulation?

R. Paul Herman | Posted 05.21.2012

Read More: Impact Investing, Goldman Sachs, Investing, Trust, Money, Ethics, Sustainable Investing, Sustainability, Culture, JP Morgan Chase, Ubs, Business News
R. Paul Herman

How do you pick a winner? Bet on both sides. CEOs and companies donate generously to both political parties; more than 70 percent of the S&P 500 p...

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DOJ Conducting Criminal Probe Involving World's Biggest Banks

Reuters | Posted 04.29.2012

Read More: Ubs, Citigroup Inc. Hsbc, Video, Doj, Criminal Libor Probe, Reuters, Banks, Department of Justice, Doj Criminal Libor Probe, Royal Bank of Scotland, Business News

(Adds background about Libor, investigations) By Carrick Mollenkamp NEW YORK, Feb 28 (Reuters) - The U.S. Justice Depar...

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Major Bank Struggles After U.S. Tax Probe

Reuters | Posted 04.10.2012

Read More: Layoffs, European Debt Crisis, Deutsche Bank, Goldman Sachs, Ubs, Video, Credit Suisse, Jpmorgan, Reuters, Euro Zone, U.S. Tax Probe, Financial Regulation, Business News

(Refiles to fix headline) * Q4 net loss 637 mln Sfr vs 430 mln Sfr net profit in poll * Q4 includes 981 mln Swiss francs...

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Possible Cartel Behavior By UBS And Credit Suisse?

AP | Posted 02.03.2012

Read More: Interest Rates, Citigroup Inc., Rabobank Groep N.V., Derivatives, Royal Bank of Scotland Group PLC, Bank of Tokyo-Mitsubishi UFJ, Ubs, Video, Tokyo Interbank Offered Rate, London Interbank Offered Rate, Credit Suisse, Sumitomo Mitsui Banking Corporation, Swiss Competition Commission, Mizuho Financial Group Inc., Societe Generale SA, Deutsche Bank AG, JP Morgan Chase & Co., HSBC Holdings Plc, Business News

BERN, Switzerland -- The Swiss Competition Commission said Friday it has launched an investigation into possible cartel behavior by a dozen banks incl...

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The Washington-Wall Street Revolving Door Keeps Spinning

Bill Moyers | Posted 03.25.2012

Read More: William Daley, Carl Levin, Hank Paulson, Rahm Emanuel, Bill Daley, Robert Wolf, Jack Lew, Wall Street, Citigroup, Ubs, Politics News
Bill Moyers

And so it goes, the revolving door between government service and big money in the private sector spinning so fast it becomes an irresistible force hurling politics and high finance together so completely it's impossible to tell one from the other.

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3 WTC Could Shrink From 80 To 7 Stories

Posted 01.23.2012

Read More: Wtc, Ubs, Video, Conde Nast, New York Real Estate, Port Authority, 3 World Trade Center, NY Real Estate, Larry Silverstein, Tower 3, New York News

3 World Trade Center was originally planned as an 80-story skyscraper. Now, however, it could be just 7. Crain's New York reports developer Larry ...

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Janell Ross

Double Down: Banks Seek New Way To Profit From Foreclosure Mess

HuffingtonPost.com | Janell Ross | Posted 12.28.2011

Read More: Deutsche Bank, Ubs, Surplus Property, Federal Housing Finance Agency, Fortress Investment Group, Foreclosure, Federal Plan for Foreclosures, Barclays Capital, Household Wealth, Business News

Banks helped create the housing crisis, and now they're seeking a new way to profit from it. As Bloomberg reported Monday, several financial and inves...

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Big Swiss Bank To Give Up Spot In Investment Banking's Top Ten

Posted 12.23.2011

Read More: Ubs, Finma, Basel, Job Cuts, Credit Suisse, CoCo Bonds, Swiss Banks, Reuters, Assets, Tax Evasion, Swiss National Bank, Video, Business News

UBS will sacrifice its place in the top ten investment bank rankings as stricter capital rules force it to give up riskier fixed-income business, ...

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U.S. Offers 11 Swiss Banks Deal To Avoid Criminal Prosecution On Tax Evasion

Posted 12.18.2011

Read More: Swiss Bank Tax Evasion, Ubs, Video, Credit Suisse, Swiss Banks, Swiss Bank Accounts, Business News, Tax Evasion Probe, Tax Evasion, Swiss Tax Evasion, Business News

ZURICH (Reuters) - U.S. officials are offering 11 Swiss banks, among them Credit Suisse , a deal that allows them to avoid criminal prosecution in...

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How UBS Hijacked an Aviation Legend

Jim Egan | Posted 02.05.2012

Read More: Women's Empowerment, Amelia Earhart, Bankers, Banking Crisis, Aviation, Ubs, Investors, Formula One, Advertising, Investment Banking, Investment Bankers, Business News
Jim Egan

In pursuing a brand comeback strategy, UBS' "We Will Not Rest" ad campaign is false and misleading, and reveals a UBS orientation in stark contrast to its claims.

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S&P Downgrades Last Triple-A Rated Bank

Posted 11.30.2011

Read More: Hsbc, Ubs, Video, Wall Street, RBC Capital Markets, Credit Rating Agencies, Standard & Poor's, Banking Crisis, Banks, Rabobank, AAA Rating, Moody's, Business News

Dutch cooperative bank Rabobank lost its cherished triple-A rating from Standard & Poor's as the global banking crisis finally caught up with the ...

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Ex-UBS Banker Gets Five Years In Prison For Aiding U.S. Tax Evasion

Posted 11.18.2011

Read More: Swiss Banking, UBS Bank, Ubs, Video, Ubs Tax Evasion Investigation, Bank-News, Swiss Banks, Business News, US-Tax-Evasion, Renzo Gadola Ex Ubs Banker, Tax Evasion, Big Banks, Business News

A former senior UBS banker who helped the U.S. government expand its crackdown on offshore tax evasion was sentenced to five years probation Frida...

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Switzerland Adds Client Safety Net To U.S. Tax Evasion Agreement

Posted 11.16.2011

Read More: Ubs, Tax Haven, Video, Credit Suisse, Swiss Parliament, Swiss Banks, Tax Dodgers, Swiss Cabinet, Tax Evasion, Business News

The Swiss cabinet approved on Wednesday an amendment to a tax agreement with the United States to ensure that bank clients are properly informed a...

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Convergence of Public and Private Sector Goals to Build a Better World: From CSR to Embedding Societal Needs into Business

Dr. Derek Yach | Posted 12.26.2011

Read More: Government, Sustainability, Creating Shared Value, Business, Usaid, Ubs, Business News
Dr. Derek Yach

Several emerging resource constraints-especially related to food, water and energy represent unparalleled threats to the economic and social wellbeing of all countries and many companies.

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After Rogue Trader, UBS Profit Plunges

AP | By JOHN HEILPRIN | Posted 12.25.2011

Read More: Ubs, UBS Rogue Trader, Video, Quarterly Earnings, Ubs Third Quarter Profit 2011, Ubs Earnings, Bank-News, Business News, Big Banks, Rogue Trader, Business News

GENEVA -- Scandal-hit Swiss bank UBS AG reported Tuesday a 39 percent drop in third-quarter profit, slightly less than feared, due to a rogue trading ...

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UBS CEO Resigns Over Rogue Trading Loss

AP | FRANK JORDANS | Posted 11.24.2011

Read More: Ubs Ceo Resigns, Ubs, Switzerland, Ubs Ceo Oswald Gruebel Resigns, Ubs Ceo Gruebel Resigns, Kaspar Villiger, Banks, Oswald Gruebel, Business, Business News

GENEVA — UBS chief executive Oswald Gruebel has resigned over a $2.3 billion loss caused by rogue trading at its investment division, which is t...

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Rogue Trader Fallout: UBS Starts Internal Probe Into $2.3 Billion Loss

Posted 11.19.2011

Read More: Kweku Adoboli, Ubs, Video, Swiss Banks, Swiss Bank Rogue Trader, Business News, Illegal Trading, Rogue Trader, Big Banks, Business News

ZURICH (Reuters) - UBS kicked off an internal investigation into the catastrophic failure of its risk systems after rogue equity trades cost the S...

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Loss From Bank Giant's Scandal Reaches $2.3 Billion

AP | FRANK JORDANS | Posted 11.18.2011

Read More: UBS Rogue Trader, Ubs, Kweku Adoboli, Ubs Trader, Wall Street, Oswald Gruebe, Banks, UBS Scandal, Big Banks, UBS Loss, Business News

GENEVA — Oswald Gruebel, the chief executive of UBS, has dismissed calls for his resignation as politically motivated, even as the Swiss banking...

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Make It So: Get a Grip on Risk and Surveillance (Lessons Learned From UBS)

John Bates | Posted 11.16.2011

Read More: Market Surveillance, Rogue Trader, Flash Crash, Ubs, Business News
John Bates

It is not only rogues and scoundrels that banks need to be aware of. Trading positions that push firms beyond a safe risk threshold are a classic problem.

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