122 articles found within the last year.
Displaying results 101 - 120
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UBS closes property finance unit but remains committed to sector
UBS has been reducing its exposure to real ... The Swiss bank recently confirmed the closure of ... However, UBS, which declined to comment for this ... One of the biggest surprises of the deal, ... UBS has been an adviser to British Land ... One banker said: “British Land is a strong...
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Swiss banks set for pay revolution
The way managing directors are paid at Credit ... Credit Suisse is requiring MDs to sign clawback ... Managers at UBS are considering plans to raise ... Stephane Rambosson, a partner at recruitment consultants Veni ... Credit Suisse has led the field in coming ... Jonathan Evans, chairman of recruitment firm Sammons Associates...
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Scotiabank recruits UBS commodities team
A large chunk of UBS’ commodities trading team ... The 70-strong trading team focused on base metals, ... However, the whole team, bar one trader, are ... Last month, Barclays Capital agreed to take trading ... The transfer of the business is expected to ... Last December, JP Morgan agreed to acquire UBS’...
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Singapore offers tax incentive in wealth play
Singapore has boosted its effort to attract wealth ... Under the new regulations, funds with assets under ... Sharon Hartlin, a partner at law firm White ... Under current conditions, Singapore residents are inadvertently discouraged ... The enhanced tier will be open to vehicles...
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UBS rises after settlement, deal cheaper than expected
Shares in UBS rose Thursday after the bank ... At 0846 GMT, UBS shares were Sfr0.41 higher, ... The bank had already moved to shut the ... "The decision by UBS is a landmark and ... The settlement of $780m is far less than ... "It is very positive for UBS to have ... --Write to Katharina Bart, Dow Jones Newswires; +41...
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Credit Suisse versus UBS
Credit Suisse versus UBS has always been one ... Credit Suisse is putting together a credible challenge ... Credit Suisse has done well at keeping inflows ... Supporters say the fourth-quarter number is an aberration ... UBS suffered its worst year ever managing the ... “UBS will need to show that it has...
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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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UBS slashes compensation as investment banking losses double
Staff costs at UBS' investment bank plunged 90% ... Average pay for staff in the division also ... In the fourth quarter of last year, pay ... UBS, which was forced to take emergency capital ... Fourth-quarter staff costs were Sfr293m compared with Sfr3bn ... UBS said the lower staff costs were a...
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BofA sets up deferred pay scheme as bonuses fall 80%
Bank of America staff will receive the first ... Bonus pay, which was down on average about ... Seventy percent of the Bank of America bonus ... The remaining 30% will be paid through an ... Compensation has become a divisive issue at Bank ... A spokeswoman for Bank of America said: “We...
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Comment: Expect surgery at UBS wealth division
UBS' fourth quarter results next Tuesday are expected ... Industry sources say the most likely bidder for ... Wells Fargo could not be reached for comment. ... UBS sources make the point that the last ... So far, changes to UBS' much-prized wealth unit ... But surgery in wealth is now inevitable following...
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At UBS, Questions Over Bonuses - Some Wonder About Commitment to Investment Banking
UBS' move to slash bonuses for senior investment ... UBS last week decided to eliminate cash bonuses ... While cracking down on bonuses sometimes appeases governments ... Now, the concern is that top bankers will ... According to people familiar with the matter, frustrations...
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UBS will offer deferred payments for many bonuses
UBS plans to pay senior US investment banking ... The Swiss bank, which like other financial firms ... The deferred payment could be cancelled if UBS ... Hundreds of senior bankers and traders are likely ... Many top executives at banks and securities firms ... Separately, the bulk of UBS bankers' Sfr2bn (€1.3bn)...
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RBC Wealth continues hiring spree with UBS bankers
The Royal Bank of Canada's wealth management arm ... Joann Holmes will head a team providing wealth ... She will be based in RBC's London office, ... Holmes has more than 20 years’ investment experience, ... Last month RBC had hired a team of ... ...
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Swiss banks bow to 'say on pay' pressure
Ethos, the Swiss corporate governance foundation that piled ... UBS and Credit Suisse, along with the Swiss ... In a statement this morning, Nestlé confirmed the ... UBS declined to comment, except to confirm the ... Ethos filed a series of resolutions at five ... Following the agreements with UBS, Credit Suisse and...
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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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UBS dumps Portuguese private banking business
UBS has closed its onshore Portuguese private banking ... "UBS is undertaking steps to adapt to the ... "The Portuguese domestic development was a natural development ... The franchise, headed by Ana Pinho, had eight ... The bank previously served its Portuguese private clients...
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UBS ‘plans’ for Kurer’s departure
UBS has a contingency plan to replace chairman ... Sources close to UBS said it had contingency ... BP executive Sally Bott, who became independent head ... She was proposed as a board member in ... Kurer became chairman of UBS in April after...
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UBS Freezes $6bn Property Fund
UBS said Friday it is freezing $6bn (€4.5bn) ... The Zurich-based bank said investors won't be able ... The fund, mainly sold to private banking clients, ... The bank took the decision to protect remaining ... Company Web site: www.ubs.com ... --By Katharina Bart, Dow Jones Newswires; katharina.bart@dowjones.com...
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Citigroup and UBS settle deal on payback
Investors with auction-rate securities from Citigroup and UBS ... Under final settlements announced Thursday with regulators that ... Citigroup already has bought back $6.2bn (€4.6bn) of ... On October 31, UBS started to make a ... UBS declined to specify exactly how much it...
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UBS claws back millions as compensation dominates EGM
UBS chairman Peter Kurer today revealed the Swiss ... At today’s meeting in Lucerne, the tone among ... Kurer today declined to name those who have ... Kurer today added that “talks are ongoing with ... The UBS chairman was responding to questions from ... Another investor accused Levrat of pursuing an "unproductive...
