French judicial authorities probing bank UBS over allegations it illegally sold products designed to avoid French taxes visited the bank's Paris headquarters on Wednesday, a UBS spokesman said.
Headquartered in Zurich and Basel, UBS is a global firm providing financial services to private, corporate and institutional clients.
Bloomberg's Mia Saini reports on the latest company news making headlines on Bloomberg Television's 'First Up'.
Global banks and asset 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.
Stamford police were kept busy downtown Monday when more than a dozen individuals were taken into custody for causing disturbances at various locations relating to UBS in protest of their mining operations in the Appalachian mountains.
UBS offered to repurchase some shares of its Puerto Rico bond funds after the commonwealth’s debt has lost more than 16% this year.
UBS has revamped its debt capital markets business, launching an 'Event Driven Team' for its corporate business and merging its financial institutions liability management and capital solutions teams.
A Swiss roll ?
UBS has reached an immunity deal with European Union antitrust authorities that will spare the giant Swiss bank from further fines for manipulation of benchmark interest rates, according to people familiar with the matter.
Goldman Sachs and UBS bankers said Britain could not have sold the Royal Mail postal service at its current higher price, rejecting accusations that one of the biggest privatisations in years had short-changed taxpayers.
An unwise radical move ?
Will these two firms have to end their universal banking model ?
Hot on the heels of the announcement that JPMorgan has spurned Canary Wharf and has chosen the 'Square Mile' for its new European HQ (St Alphage House in London Wall), most of the interest centres around the fact that, of the 1 million square feet that makes up the new building, there will be four giant trading floors of some 72,000 square feet each.
Here's the latest on the 'Movers & Shakers' front.
Here's the memo:
Here's the 'story' of Amazing Grace, the former Lehman Brothers fixed income salesperson who went on to become an exotic dancer (and more).
Here's the testimony of Mark Froeba, who, before leaving in 2007, was jointly responsible for evaluating all Moody's new CLO rating guidelines, before the US Financial Crisis Inquiry Commission Wednesday.
The untimely death of 36-year-old UBS Asian equity derivatives trading co-head Neil McCormick in June is old news, but only now have details emerged about how it happened.
We've been assessing top firms on 6 key criteria in order to establish what kind of prospects they (and the staff they employ) have in the foreseeable future.
Sergio Ermotti has just been appointed Group CEO over at UBS. But exactly who is he ?
Two former employees of Barclays have signed deals with the US Department of Justice as part of its probe into alleged Libor manipulation, underlining the thrust of the worldwide investigation that is expected to yield more criminal charges against individuals over the next month.
Many of these are incredible.
Raoul Weil, the fugitive former head of UBS’s global wealth management business, was arrested in Bologna after checking into a hotel under his own name and triggering an alert to Italy’s authorities.
There's nothing like the release of a few emails to stir things up.