89 articles found within the last year.
Displaying results 41 - 60
-
UBS chief names top team for recovery plan
New UBS chief financial officer John Cryan is ... Cryan, who has spent more than 20 years ... Cryan, who runs UBS’ financial institutions group and ... The other members of the steering committee are: ... UBS’ board of directors and group executive board ... UBS outlined several plans within those areas yesterday,...
-
Pressure grows for big changes at UBS after write-downs, buyback, tax probe
When Marcel Ospel was forced out as chairman ... Now, as UBS prepares to announce its second-quarter ... The pressure is growing to make some radical ... The bank's write-downs on bad credit investments are ... A settlement was announced Friday with US regulators ... The bank's private-banking business is fighting to keep...
-
UBS predicted to report further €3.4bn hit
Credit Suisse analysts have predicted that Swiss rival ... In a pre-results research note, Credit Suisse analysts ... They said that fixed income revenues could be ... Overall investment banking revenues are expected to decline ... The analysts predicted that UBS should write down...
-
Credit Suisse and Rencap lead Abu Dhabi investment in Kazakh bank
Credit Suisse and Russia's Renaissance Capital have emerged ... Alnair Capital Holding, an investment vehicle of Abu ... Credit Suisse, along with UBS, led the London ... Al Nahayan previously owned around 8% of Kazkommertsbank’s ... In a statement to the London market this...
-
FSA plans clampdown despite no evidence of HBOS manipulation
The UK's Financial Services Authority said today it ... On the afternoon of March 19, the FSA ... These rumours focused on a British bank that ... Market commentators speculated that the fall in HBOS's ... The FSA said today that its investigation of ... The regulator said that the rumours were circulated...
-
Troika thrives on connections
Andrei Sharonov, managing director and chairman of the ... Troika’s status as, in observers’ eyes, the Kremlin’s ... The deals have propelled Troika to the top ... Sharonov said: “Troika is in a good position, ... Troika’s owner and chief executive, Ruben Vardanian, has...
-
Goldman cements position as top M&A adviser
Genentech has brought in Goldman Sachs to advise ... Goldman Sachs is advising Genentech’s board directors on ... The bank has worked on deals worth $593bn ... Roche has awarded Greenhill the mandate to advise ... Goldman Sachs worked as the lead adviser to ... The Genentech mandate replicates Goldman Sachs’ role nine...
-
Russia's largest float in jeopardy
Five banks faced the prospect of losing one ... Although Kazakhmys confirmed in a statement that it ... Its statement today said that it is "not ... This could be interpreted purely as a technical ... However, Marat Gabitov, an analyst at UniCredit Aton, ... Metalloinvest had been expected to proceed with a...
-
UBS hires Merrill analyst as head of bank research
Swiss bank UBS has recruited John-Paul Crutchley, a ... Crutchley, who will join in early October, will ... He replaces Gert van Rooyen, who has transferred ... Crutchley was a director in Merrill Lynch’s banks ... He joined Merrill Lynch eight years ago and ... UBS has also hired Omar Fall, a banks...
-
Law firms defy downturn to post bumper results
As investment banks continue to announce widespread redundancies, ... Although some mid-tier US law firms, such as ... In the UK, Magic Circle law firm Freshfields ... London-based international firms Herbert Smith and Norton Rose ... James Bateson, member of the management board at...
-
UBS keeps ticking over like clockwork
It is a truism of investment banking that ... Such have been the travails of UBS investment ... The bank earned $722m from these activities in ... Simon Warshaw, co-head of European investment banking at ... The loyalty of these clients has been tested, ... The best example of this came last month...
-
Fund managers shun conflicted brokers
More than two thirds of European fund managers ... Sixty-five per cent of respondents to the 2008 ... The heightened desire among institutional investors to punish ... The report, conducted by Richard Davies Investor Relations ... Of those who said they had detected conflicts...
-
Prisma Capital looks to attract European clients
The expansion in London by US fund of ... Girish Reddy, who co-founded the firm in 2004 ... In addition to the physical expansion, Reddy said ... Reddy did not rule out the possibility of ... Reddy said Low or only moderate correlation to ... About 45% of Prisma’s assets, which have reached...
-
Russian floats dwindle despite commodity boom
Only one Russian company braved the hostile equity ... This could be bad news for Russian entrepreneurs ... Capital raised through initial public offerings by companies ... Ukrainian companies raised $594m compared with $449m from ... There is some consolation for the London Stock...
-
Goldman pips Merrill to European M&A crown
Goldman Sachs has taken the top spot for ... Just $1.3bn (€834m) in deal credits separated the ... Goldman Sachs is working on several of the ... The bank is also the top global adviser ... Also making it into the global top 10 ... UBS, which was the top bank for European ... Deutsche Bank has been among the biggest winners...
-
Eastern investors back Barclays in £4.5bn share issue
Barclays' shares rose 5.6% this morning, as the ... Barclays led a rally in blue-chip bank stocks ... Barclays said this morning in a stock market ... The £4bn conditional placing is priced at 282p ... The Qatar Investment Authority has subscribed to up ... China Development Bank and Singapore’s Temasek have also...
-
UBS shifts six to Dubai
UBS is moving six London-based bankers to Dubai ... UBS employs more than 200 staff dedicated to ... Matthew Odgers, executive director in its telecoms team ... UBS added Enrique Febrer-Bowen, a managing director in ... Michael Klimbacher, associate director in UBS’ oil and...
-
Citigroup feels the strain in alternatives
Citigroup’s new advertising slogan, designed to encapsulate what ... After the year the US commercial bank has ... The latest trauma hit the bank this month ... Old Lane had been dogged by mediocre returns ... Citigroup extended a $500m credit line in February ... The problems in Citigroup’s alternative investment division, which...
-
UBS rising star quits to go it alone
One of UBS’ fastest-rising and most senior executives ... Andre Esteves became UBS’ youngest regional head at ... Less than 15 months later, he moved from ... Esteves, who was touted as a future star ... However, Esteves has subsequently opted to leave the ... A source familiar with proceedings said Esteves had...
-
Equities saves the day as Goldman smashes forecasts
Equities overhauled fixed income, currencies and commodities for ... Analysts had on average expected Goldman to report ... However, Goldman repeated its first-quarter feat by trouncing ... For the first half to the end of ... The quarterly figure beat earnings per share estimates...
