Ubs Posts
UBS Pair Banned For Unauthorised Trading
The Upper Tribunal has directed the Financial Services Authority (FSA) to fine ex-UBS professionals Sachin Karpe £1.25m and Laila Karan £75,000 and ban them both from performing any role in regulated financial services for failing to act with integrity and for not being fit and proper persons.
Ex-UBS Trader Sues After Firing, Lazard Return, Morgan Stanley Said To Bail On Cruz
All fun and games.
30 Of The Biggest Trading Losses Of All Time (ex-subprime related)
Here's a league table of 30 of the biggest trading losses of all time (excluding CDO losses post 2007).
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BofA Could Pay Brokers Millions, Goldman and UBS Lose, MF Global Probe Request
Here's a selection of links to stories from Reuters.
UBS Betting Toxic Debt Will Find Buyers
Bloomberg's Stephanie Ruhle, Erik Schatzker, Sara Eisen and Scarlet Fu report that UBS AG, which had more than $57bn of losses and writedowns after the U.S. real-estate crash, is betting there’s enough demand for toxic commercial property assets to sell debt created at the height of the boom.
UBS Chairman Says Group Needs An Investment Bank
New Chairman underlines importance of investment bank.
Shareholder Rebels With A Cause
Call it Thunderous Thursday: 54% of shareholder votes were cast against Aviva's pay report; at the Swiss bank UBS, 37% voted against pay proposals; and the satellite firm Inmarsat suffered a 40% revolt. Shareholders – after years of supine behaviour – are sending a loud message that the soaraway boardroom pay at underperforming companies must be confronted.
UBS Starts To Get It Right, But Not Everyone's Happy
UBS is not home and dry yet, but the future's looking a lot brighter.
Morgan Stanley Alleged Taxi Spat, Goldman Spotlight, BNY Mellon Dismissal, Raymond James Boost, UBS Jump, Wells Fargo To Gain
Here's a few interesting stories currently doing the rounds.
FINRA Sanctions Citigroup, Morgan Stanley, UBS and Wells Fargo For Sales Of Leveraged and Inverse ETFs
The Financial Industry Regulatory Authority (FINRA) has announced that it has sanctioned Citigroup Global Markets, Morgan Stanley, UBS and Wells Fargo a total of more than $9.1m for selling leveraged and inverse exchange-traded funds (ETFs) without reasonable supervision and for not having a reasonable basis for recommending the securities.
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