123 articles found within the last year.
Displaying results 1 - 20
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Moody's Downgrades UBS Ratings
Moody's Investors Service downgraded various ratings on Swiss ... Moody's lowered the bank financial strength rating two ... Moody's pointed out UBS is exposed to more ... The company has suffered a loss of customer ... "We believe that UBS's wealth management franchise is...
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McCann spells out UBS wealth plans on investor day debut
Robert McCann, the new chief executive of UBS' ... McCann was among several top executives from UBS, ... While acknowledging the size of the task ahead, ... He told attendees: "When I arrived, my impression ... On what needs to be done to grow ... McCann, who last week recruited several former colleagues...
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UBS sets targets, warns no quick fixes
UBS chief executive Oswald Gruebel today asked investors ... "We are on track, we have stabilized UBs' ... Gruebel said UBS targets roughly Sfr15bn (€9.9bn) in ... UBS also targets a cost-income ratio of 65%-70% ... Bank Sarasin analyst Rainer Skierka lauded the targets...
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UBS' Merrill injection
Robert McCann, the recently appointed chief of UBS' ... McCann, who ran Merrill's wealth management operation, including ... They will be accompanied by John Brown, who ... The Merrill recruits will join a number of ... "This team reflects both the good people who ... In a memo to employees that was reviewed...
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Rising star rejoins UBS
A senior client adviser at Swiss bank UBS, ... James Peterson rejoins as an executive director reporting ... He was most recently a partner at MaxCap,...
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UBS's Merrill Injection
Robert McCann, the recently appointed chief of UBS ... Mr. McCann, who ran Merrill's wealth-management operation, including ... They will be accompanied by John Brown, who ... The Merrill recruits will join a number of ... "This team reflects both the good people who...
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Local authority drops UBS after ‘unsuccessful’ run
The Bexley local authority pension scheme has decided ... The £325m (€364m) scheme appointed Inalytics, a data ... It said that UBS got fewer than half ... It said that the positive contribution from good ... The Inalytics analysis also questioned the timing of ... A UBS letter in response to the Inalytics...
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Recovery at UBS: work in progress
For a bank which hoped all the bad ... The penalty, the FSA’s third largest, was for ... Despite a slew of accounting items that contributed ... Even the sceptics admit the bank has come ... Now, downsized, derisked and out of government control, ... Speaking to Financial News last week, chief financial...
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UK and Australia press UBS for data on offshore wealth services
UBS on Sunday confirmed a story in Swiss ... The Sonntag publication also claimed that Swiss tax...
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Analysts to press UBS over turnaround strategy for wealth unit
Analysts are set to press UBS to outline ... While Scorpio Partnership partner Catherine Dovey predicted continuing...
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Morgan Stanley poaches six-member private wealth team from UBS
Morgan Stanley Private Wealth Management on Wednesday declared ... The team includes three executive directors - Maria...
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Credit Suisse scoops private banking veteran from UBS
Swiss bank Credit Suisse has hired a 24-year ... Ian Dembinski starts as a managing director and ... Dembinski joins Credit Suisse after a 24 year ... During his tenure at UBS, he was also...
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UBS Swings to Loss on Charges
UBS AG on Tuesday posted a third-quarter net ... The Swiss bank, among the hardest-hit banks by ... Along with credit losses of 1.44 billion francs, ... Chief Executive Oswald Gruebel was cautiously optimistic about ... Analysts were taken aback by the amount of ... Mr. Gruebel said that while a recent landmark...
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Secrecy Hit, Swiss Banks Are Losing Europeans
While the spotlight has been on the aggressive ... Americans have made up no more than 5% ... Nonresident, or offshore, clients make up about a ... This weekend, Swiss banking giant UBS AG will ... Now, in the wake of the American crackdown, ... "It's a big mistake to say this is...
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First UBS client charged by US gets probation in tax case
The first US client of UBS prosecuted in ... Defendant Steven Michael Rubinstein, a Florida accountant, also ... The sentence was lighter than the recommendation of ... Rubinstein was sentenced in a Florida federal court ... Prosecutors said Rubinstein communicated with UBS bankers from...
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UBS Appoints McCann Head Of Wealth Mgmt Americas
UBS Tuesday named Robert J. McCann as Chief ... UBS said that McCann, 51, who joins from ... "UBS is a firm that I always considered ... "The domestic Americas business represents an enormous wealth ... McCann, who will also join UBS's executive board, ... The management appointment is the latest in a...
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UBS private banker resurfaces at Heartwood
Independent wealth management boutique Heartwood has hired a ... Kirsty MacArthur joins the clients services team in ... She joins from UBS where she was responsible ... MacArthur is an appointed trustee of the charity...
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Vestra Wealth profits from UBS court case
Just over a year since Switzerland's largest wealth ... David Scott, the managing partner of Vestra Wealth, ... London-based Vestra's new client base ranges from around ... Vestra now employs over 125 members of staff ... New starters have joined from larger peers including...
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Crisis fails to dent largest banks' market shares
Massive changes in the investment banking industry over ... The findings appear in a report published this ... Bank of America Merrill Lynch, Citigroup and UBS ... Goldman Sachs’ share of the global investment banking ... JP Morgan, which has a market share of ... Credit Suisse's analysts wrote: “Across the industry, the...
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European banks move to pay back state cash
Société Générale today became the latest European bank ... All the figures are from Bloomberg. ... In October last year France injected €10.5bn (15.3bn) ... Today, French bank Société Générale said it is ... Last week, domestic rival BNP Paribas said that ... The UK Government injected €33bn in Royal Bank...
