37 articles found within the last year.
Displaying results 21 - 37
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UBS' head of quant analysis and research quits
A member of UBS's fixed-income, currencies and commodities ... Steve Dugdale, who was put in charge of ... UBS declined to comment on the departure. Dugdale ... Dugdale worked at UBS for 19-years. Before becoming ... Felce left UBS last year and helped found ... Dugdale's resignation is the latest in a line...
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UBS hires new chief of European credit in week of departures
UBS has hired the former head of European ... Derrick Herndon, who left Credit Suisse last year ... UBS has confirmed Herndon’s appointment. ... Kengeter, formerly global head of UBS’ fixed-income currencies ... Other senior departures from UBS in the past ... ... Raber’s other co-head was Michael Schmidt, who, as...
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Ex-UBS fixed-income star joins MUFJ
The former global co-head of rates at UBS ... Sascha Prinz, who was previously global co-head of ... Once he joins he is expected to report ... MUFG were unavailable for comment. Prinz was also ... Rates is one of the most lucrative investment ... The restructuring of UBS’ FICC business in January...
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StanChart hires UBS star for capital markets push
Standard Chartered has hired one of UBS' top ... Henrik Raber, who is co-head of European credit ... Raber will run the bank’s US and European ... His hire comes shortly after Standard Chartered said ... Deepak Kohli, Standard Chartered’s global head of debt ... Standard Chartered declined to comment on the record....
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Global downgrades hit record levels
Downgrades to the credit worthiness of governments and ... The previous record of 91% was set in ... Standard & Poor’s published its findings in a ... Diane Vazza, head of Standard & Poor's global ... In the US, downgrades represented 95% of all ... Downgrades of financial institutions also continued in the...
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UBS could reap €280m profit from bond buyback
UBS could stand to make an after-tax profit ... In a note to clients today from BNP ... UBS said yesterday that it plans to buy ... UBS expects to pay between 62.5 and 65% ... Olivia Frieser, European banks analyst at BNP Paribas, ... Such bonds, which for part of a larger ... According to bankers, other banks could follow UBS...
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Investment banking fees to worsen after 23% fall
Banks are to suffer from a further deterioration ... Worldwide investment banking fees totalled $3bn (€2.3bn) in ... Last month's fall in fees came despite a ... The Credit Suisse analysts wrote: "We continue to ... It added: “In our opinion, the good news ... Falls in revenues from capital markets and M&A...
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McKinsey survey finds restructuring plans on the rise
The issue of restructuring of companies during the ... The proportion of executives that said their companies ... The trend was identified by a survey ... The results come as boutique advisory firms expand ... The proportion of executives surveyed by McKinsey that ... However, the most common strategies adopted by executives...
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UBS unveils radical restructuring of FICC division
UBS is closing down its real estate and ... In an internal memo seen by Financial News, ... As a result, UBS is closing its real ... UBS said that as part of the restructuring, ... The closure of the three businesses is the ... Jerker Johansson, chief executive of UBS investment bank,...
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Global bank recapitalisations could top half a trillion dollars
Banks in the US and Europe face a ... In a normal banking crisis, Credit Suisse predicts ... In addition, the Swiss bank's strategists forecast that ... Banks in France are preparing for a second ... The government recently pledged to invest a further ... Pebereau said the banks are working with the...
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Global writedowns set to hit $1 trillion
The total of writedowns and credit losses in ... To put that figure – $986.8bn over four ... • At the current rate, it would take ... • The stack of bills would weigh 970,973 ... • Laid end to end, the bills would ... • Woven together as a carpet, they would...
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Aegon eyes cut in adviser commission
UK insurer Aegon is considering a cut in ... Advisers say Aegon’s 9% upfront commission is the ... The Financial Services Authority is concerned that the ... Intermediaries in the wealth industry run the same ... The FSA has said that clients should be ... Aegon has broadly welcomed the recommendations, which are...
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'Gloomy' Goldman picks top trades for next year
Goldman Sachs has unveiled seven of its top ... In its global economics weekly report today, Goldman ... The trades range from going long on Chinese ... Trade number five is selling credit protection on ... Goldman said mounting concerns about Sweden’s banking sector’s...
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Cheap borrowing is a thing of the past
“All good things must come to an end.” ... In the four years before the crisis struck ... Since then, the tables have turned and a ... The cost of raising debt in any asset ... Suki Mann, head of European credit strategy at ... For bond investors, it is as Mann described ... However, for issuers of debt, the high cost...
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Credit crisis is not worst in history
The financial crisis, which is being felt in ... From peak to trough, global equities fell 54% ... From its peak at the end of October ... Marsh said: “You might well argue that the ... But the bear market of the Great Depression ... In dollar terms, the MSCI World index fell...
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Comment: Gearing works two ways
With hindsight, the decision of UK asset manager ... Taking account of cash on its balance sheet, ... In effect, the banks have given up rights ... In return, according to sources close to the ... The debt does not need to be paid ... New Star is fighting to save costs where ... A spokesman for New Star declined to comment....
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Asset managers face covenant woes
Some of the world’s largest asset managers may ... Janus Capital, GLG Partners, Legg Mason, Fortress and ... The fear over debt marks a watershed for ... The report said: “The extreme stress in the ... Asset managers’ debt conditions tend to be tied ... But companies would renegotiate the terms on their...
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