IBTimes Australia : UBS AG Topic

China Heads to Further Slowdown as Manufacturing Activity Contracts in May

Thu, 23 May 2013 14:56:48 +1000

Preliminary HSBC China Manufacturing PMI showed a reading of 49.6 in May, indicating a contraction in activity.

Ex-strategist can sue UBS as whistleblower: U.S. judge

Wed, 22 May 2013 10:21:03 +1000

UBS AG lost a bid Tuesday to dismiss a whistle-blower lawsuit by a former commercial mortgage-backed securities strategist who said he was fired for refusing to publish misleading research reports.

Credit Suisse replaces Morgan Stanley as No. 2 Asia prime broker

Tue, 21 May 2013 18:00:03 +1000

The Asian prime brokerage unit of Credit Suisse has replaced Morgan Stanley as the second largest firm servicing the region's $148 billion hedge funds industry, a survey showed.

UBS Americas hires in-house experts to spur life insurance sales

Thu, 16 May 2013 00:42:02 +1000

After years of urging its financial advisers to sell more life insurance, UBS Wealth Management Americas is bringing in full-time experts and offering financial incentives to prod its tradition-bound sales force outside its comfort zone.

Morgan Stanley CEO defends bond-trading business strategy

Wed, 15 May 2013 07:35:02 +1000

Of the five or six problems that sat atop the desk of Morgan Stanley Chief Executive James Gorman a year ago, only one remains: making sure the bank's bond trading business shrinks to profitability rather than obscurity.

The Energy Report - The Energy Report for 05/09/2013

Thu, 09 May 2013 22:11:12 +1000

Who said the WTI contract was dead as a global benchmark. Not me that is for sure. The WTI once again is establishing itself as the global benchmark for oil as progress is being made in getting the infrastructure in place to take advantage of the US oil boom.

Insight - How Singapore's currency club fell apart

Tue, 07 May 2013 07:28:04 +1000

Mukesh Kumar Chhaganlal said he tried to warn his manager at UBS AG about the "increasingly unrealistic" currency rates being set last year for the Indonesian rupiah against the dollar.

Insight: How Singapore's currency club fell apart

Tue, 07 May 2013 07:28:03 +1000

Mukesh Kumar Chhaganlal said he tried to warn his manager at UBS AG about the "increasingly unrealistic" currency rates being set last year for the Indonesian rupiah against the dollar.

Judge blocks auction rate arbitration against Citigroup

Tue, 07 May 2013 05:21:03 +1000

For the second time in a week, a federal judge has blocked a securities arbitration against Citigroup Inc , allowing the bank to avoid fighting a multi-million dollar case before Financial Industry Regulatory Authority arbitrators.

Assured says to be paid $358 million as it settles UBS suit

Mon, 06 May 2013 22:35:04 +1000

Bond insurer Assured Guaranty Ltd said it reached a settlement with UBS AG in a lawsuit that accused the bank of falsely representing the quality of the loans underlying 958.13 million pounds ($1.49 billion) of mortgage-backed securities.

Analysis: Citi reaps profits from hiring rainmakers 2-3 years ago

Tue, 16 Apr 2013 14:14:02 +1000

In the summer of 2010, senior executives at Citigroup Inc told the board of directors the bank needed to hire more dealmakers to have any chance of snagging underwriting assignments and rich takeover advisory fees.

Analysis - Citi reaps profits from hiring rainmakers 2-3 years ago

Tue, 16 Apr 2013 13:42:02 +1000

Exclusive: Carlyle taps UBS banker to launch its first Indonesia office

Thu, 11 Apr 2013 03:14:01 +1000

Carlyle Group LP has hired a former UBS banker to launch an Indonesia office, people with direct knowledge of the matter said, becoming the first major private equity firm to set up shop on its own in Southeast Asia's largest economy.

Hearing to expose IRS informant program to scrutiny

Wed, 10 Apr 2013 08:28:02 +1000

Seven years after Congress passed a new whistleblower law for the Internal Revenue Service, the tax-collecting agency stands accused of not doing enough, or of not acting swiftly enough, to reward informants who expose tax improprieties.

Citi files claim with Nasdaq for compensation from Facebook IPO: sources

Tue, 09 Apr 2013 07:35:03 +1000

Citigroup has filed a claim with Nasdaq OMX Group to potentially receive compensation for losses associated with Facebook Inc's glitch-ridden market debut last May, according to two people with knowledge of the situation.

Exclusive: UBS was mystery lender for Thai group's Ping An buy from HSBC - sources

Fri, 05 Apr 2013 05:21:02 +1100

The mystery lender behind a Thai billionaire's $9.4 billion purchase of a stake in China's No.2 insurer was UBS, people with direct knowledge of the matter told Reuters, revealing how the bank stepped in at the last minute to offer a complex financing package known only to a few involved.

UBS's Burnett joins mate Dowie for Asia StanChart role

Tue, 02 Apr 2013 20:49:01 +1100

Standard Chartered PLC has hired Peter Burnett from UBS AG as its North East Asia head of corporate finance, beefing up its senior leadership with another high-profile regional veteran of the Swiss investment bank.

UBS wins bid to seal cases of dismissed Singapore FX traders: sources

Tue, 02 Apr 2013 19:28:03 +1100

The Singapore High Court has agreed to a request by UBS AG to seal documents in two cases brought by traders fired by the bank during its investigation into reference rate manipulation, two people with direct knowledge of the matter said.

Australia to end interbank rate-setting panel after Libor scandal

Thu, 28 Mar 2013 16:35:02 +1100

Australia is scrapping the panel that sets its interbank lending rates after an exodus of banks from the panel, the first major market to dismantle the tarnished structure in the wake of the Libor rate-rigging scandal.

UBS asks Singapore court to seal cases of two fired traders

Tue, 26 Mar 2013 20:49:01 +1100

UBS AG has filed an application to the Singapore High Court, asking that two cases be sealed involving traders fired as part of the bank's investigation into reference rate manipulation.

U.S. approves Nasdaq payback plan for Facebook IPO, UBS unhappy

Tue, 26 Mar 2013 06:56:02 +1100

Regulators approved Nasdaq OMX Group's $62 million compensation plan for firms that lost money in Facebook Inc's glitch-ridden market debut, a victory for the exchange operator that also set the stage for potential lawsuits from firms seeking more.

U.S. OKs Nasdaq payback plan for Facebook IPO, UBS unhappy

Tue, 26 Mar 2013 06:49:02 +1100

SEC okays Nasdaq payback plan for Facebook IPO, UBS unhappy

Tue, 26 Mar 2013 04:56:02 +1100

Regulators OK Nasdaq compensation for Facebook IPO

Tue, 26 Mar 2013 04:00:03 +1100

Regulators approved Nasdaq OMX Group's $62 million compensation plan for firms that lost money in Facebook Inc's glitch-ridden market debut in May, signaling a victory for exchanges Potentially facing liability for technical foul-ups.

UBS in settlement talks with SEC over mortgage bond deal - WSJ

Sun, 24 Mar 2013 01:49:02 +1100

UBS AG is in talks with the Securities and Exchange Commission to settle allegations the bank defrauded investors in a mortgage bond deal that soured during the financial crisis, the Wall Street Journal reported, citing people familiar with the matter.

Freddie Mac sues more than a dozen banks over Libor

Wed, 20 Mar 2013 11:35:02 +1100

Mortgage finance company Freddie Mac is suing more than a dozen banks for losses from the alleged manipulation of the benchmark interest rate known as Libor.

Australian Jobs Rise at Record Rate Denting Policy Easing Hopes

Thu, 14 Mar 2013 17:19:35 +1100

Australia adds 71,500 jobs in February, the most since 2000, while unemployment rate remained at 5.4%.

Expectations low for UBS bankers awaiting bonus awards

Wed, 06 Mar 2013 23:14:03 +1100

Swiss bank UBS AG will tell its employees on Wednesday what bonus, if any, they will be receiving for 2012, a year in which staff endured a radical restructuring and the conviction of a rogue trader that has left expectations low.

Swiss bank Wegelin to pay $58 million in U.S. tax evasion case

Tue, 05 Mar 2013 13:42:02 +1100

A U.S. court on Monday sentenced Wegelin & Co, the oldest Swiss private bank, to pay nearly $58 million (38 million pounds) after it admitted to helping wealthy Americans evade taxes.

UBS lays off 35 senior bankers in the Americas

Sat, 02 Mar 2013 10:42:03 +1100

UBS AG cut roughly a third of its Americas investment banking and capital markets group this week, including 35 senior managing directors, three sources close to the matter said.