121 articles found within the last year.
Displaying results 81 - 100
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Comment: Grübel signals start of a radical new plan
The sale of Banco Pactual last week showed ... Johansson’s exit just over a year after joining ... Kengeter, who will continue as co-head of UBS’s ... Grübel, the previous chief executive of Credit Suisse, ... Getting positive momentum behind the UBS share price ... UBS currently has a tier one capital ratio...
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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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Bank warns of 'false dawn' in fixed-income rally
Credit Suisse has become the second bank this ... Banks, such as Goldman Sachs and Bank of ... In a report yesterday, Credit Suisse analysts wrote ... Daniel Davies, lead European banks analyst at the ... He added: “Even in such a strong quarter, ... The report comes two weeks after European banks...
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UBS to cut about 2,000 in US wealth management
UBS plans to cut roughly 2,000 jobs in ... The layoffs, expected to occur next week, are ... The cuts in the US are expected to ... Last Thursday, UBS Wealth Management US head Marten ... In the US, UBS had 8,182 financial advisers ... In March, UBS said it would sell up ... Shares of UBS recently traded up 21 cents,...
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UBS Wealth Management US plans lay offs
UBS' US brokerage business plans to lay off ... UBS Wealth Management US head Marten Hoekstra disclosed ... Hoekstra told the financial advisers that, just because ... A UBS spokesman declined to comment about the ... In recent weeks, analysts and industry observers have ... Last month, UBS said it would sell off...
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Art Loans Get Ugly
Of all the crazy loans handed out by ... As art exploded in price, both banks and ... But there are two problems with art: it’s ... Evidence of the first problem became apparent last ... UBS says it has never offered art loans. ... “Art banking does not belong to our core...
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Credit Suisse hires UBS head for ultra wealthy push
Credit Suisse has poached a head for its ... Blake Shorthouse has been appointed head of ultra-high ... He joins from Switzerland's largest bank UBS, where ... He will report to Alois Bättig, head of...
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UBS hires ex-Credit Suisse banker for restructure
UBS said Wednesday it hired a former high-ranking ... The Zurich-based bank said it will hire Ulrich ... Until August, former McKinsey consultant Koerner was head ... In hiring Koerner to oversee the streamlining of ... There, he noted that the bank's management is ... Wednesday's statement contained no specifics on job cuts,...
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Trillions wiped off world's wealth
Over $40 trillion has disappeared from global household ... The report, authored by Andreas Höfert, global head ... It said there has been a decline in ... Commercial-listed real estate suffered the worst falls. The ... Equity market falls made up the bulk of ... The market cap of the Tokyo Stock Exchange...
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Cherry pick the best wealth manager
How long to stay with a wealth manager ... Institutions regarded as being weak, susceptible to big ... Figures for fund flows into and out of ... Bulletin, show Credit Suisse was the most successful ... Adrift at the bottom of the rankings was ... Which begs the question: is it right to...
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UBS extends lock-in for directors’ incentives to eight years
UBS directors will in future be locked into ... UBS also intends to gain the right to ... The size of equity awards to 13 UBS ... One broking analyst said: “UBS made the first ... The move – revealed in the bank’s annual ... A review by Lord Turner, chairman of the ... Elsewhere in Europe, Credit Suisse has incentivised executives...
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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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Fund managers prepare second swing of the axe
The asset management industry looks set for a ... Employees at Schroders were yesterday told to expect ... A spokeswoman from Schroders would not confirm the ... "This process includes a review of headcount as ... In the US, Capital Group, which until October ... These firms were two of the first asset...
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UBS taps three financial experts for its board
UBS Monday named three financial experts to its ... Nominated for UBS board were: Michel Demare, the ... At 10.15 GMT, UBS shares were up Sfr1.05, ... UBS, one of the hardest-hit banks in the ... Shareholders will vote on the nominations April 15 ... "I am very excited that we can propose...
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UBS restates 2008 loss
UBS, which in 2008 reported the biggest ever ... It said its 2008 net loss was now ... It had already indicated it would charge the ... UBS said that apart from the settlement agreements ... "Even after substantial risk reduction, our balance sheet ... "Net new money remains positive for our Wealth...
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UBS details bumper awards for new executive duo
The head of UBS’ investment bank was one ... Jerker Johansson, who was vice-chairman for Europe at ... UBS said the move was in line with ... The two executives were granted 574,432 shares with ... Based on UBS’ Sfr9.98 share price at 12:08 ... Johansson owned 521,544 shares in UBS and 753,410...
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$1 trillion up in the air as wealthy reallocate assets
The wealthy are moving their money as never ... With the world’s biggest wealth manager UBS reporting ... Sebastian Dovey, head of consulting at Scorpio Partnership, ... The biggest beneficiary of this shift – at ... HSBC Private Bank, which has become more vocal ... A handful of smaller wealth managers were also...
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Profile: The new UBS chairman Kaspar Villiger
Peter Kurer's proposed successor as chairman of UBS, ... Villager, who will stand for election as Kurer's ... He studied engineering at Zurich's science and technology ... Following his election, he joined the Federal Military ... During Villager's time in public service, he led...
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Private banks reap benefits from rivals’ troubles
Lombard Odier has hired Michael Kuenzi from UBS ... Kuenzi left UBS last month after putting together ... Elsewhere, Geneva-based Lombard Odier has appointed Paul Marson ... Financial News’ sister online news service, www.wealth-bulletin.com, revealed ... Swiss private bank Sarasin is controlled by Dutch...
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CV: Marcel Rohner
Marcel Rohner became the youngest chief executive of ... Rohner began his career at the Swiss Bank ... He joined UBS' private banking and wealth management ... His rapid promotion to the head of the ... Rohner was not, however, a pure-bred private banker. ... Former group chief executive at UBS...
