Barclays has been named in a lawsuit filed in California seeking damages for its role in Hewlett-Packard's disastrous takeover of Autonomy.
UBS is always looking at all shareholder suggestions, CEO Sergio Ermotti said Friday, a day after investor Knight Vinke Asset Management called for a spinoff of the firm’s investment bank.
Deutsche Bank has hired three people for its U.S. investment-grade debt group, including an analyst and two traders.
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Knight Vinke, the activist investor, is not everybody's cup of tea and the directors of UBS may believe that the grumbles of a shareholder that owns less than 1% of the bank can be ignored.
UBS should consider splitting its investment bank from the wealth management and Swiss banking businesses, shareholder Knight Vinke Asset Management said.
UBS has reported first-quarter earnings that beat analyst estimates on higher revenues at the investment bank and in wealth management.
UBS AG Chief Executive Officer Sergio Ermotti talks about first-quarter profit and progress on the new strategy for its investment bank.
UBS easily beat expectations by reporting a first-quarter net profit of $1.05bn versus forecasts of $544.9m, swinging back to a profit after a $2.03bn loss in the fourth-quarter after heavy Libor-related charges and restructuring costs.
Citigroup has hired two former UBS base metals executives to its growing metals trading desk as part of the U.S. bank's expansion of its commodities business, the bank said on Thursday.
Headquartered in Zurich and Basel, UBS is a global firm providing financial services to private, corporate and institutional clients.
Senior bankers at UBS have raised concerns about using Bloomberg and other external chat groups to share confidential information about clients, in the latest sign of banks clamping down on online security.
Here's the email sent by UBS trader Kweku Adoboli to internal bank accountant William Steward advising that things might not be the way they seemed. Soon after, the shit really hit the fan.
UBS was ordered to face a whistle-blower lawsuit by a former commercial mortgage-backed securities strategist who said he was fired for telling supervisors he was being pressured to publish misleading reports.
UBS plans to increase its Asia corporate advisory and capital markets team by 10% over three years to tap expansion in the world’s fastest-growing region.
The chairman of UBS has agreed to meet activist investor Knight Vinke to discuss demands to hive off its investment bank into a separate business.
