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UBS AG

UBS AG (NYSE: UBS; SWX: UBSN; TYO: 8657) is a diversified global financial services company, with its main headquarters in Basel and Zürich, Switzerland. It is the world's second largest manager of private wealth assets,  and is also the second-largest bank in Europe, by both market capitalisation and profitability. UBS has a major presence in the United States, with its American headquarters located in New York City (Investment banking); Weehawken, New Jersey (Private Wealth Management); and Stamford, Connecticut (Capital markets). UBS's retail offices are located throughout the U.S., and in over 50 other countries. UBS is an abbreviation, which originated from a predecessor firm, for the Union Bank of Switzerland; however, UBS ceased to be considered a representational abbreviation after its 1998 merger with Swiss Bank Corporation.

Headlines Around the Web

UBS to exit banking business in India: Source

Jun 23 - The Times of India

UBS to shut India banking unit

Jun 22 - The Times of India

BofA reaches $1.7bn settlement with MBIA

May 07 - Financial Times

IRS pays whistleblower $104 million

Sep 12, 2012 - Politico

Articles About UBS AG

Auto rickshaws wait in front of the head office of State Bank of India (SBI) in New Delhi August 12, 2013.
State Bank of India Launches up to $1.5 Billion Share Sale - Sources

By Reuters

State Bank of India launched a share sale on Tuesday to raise up to $1.5 billion, said three sources directly involved in the deal, in the country's biggest equity offering in almost a year. (Jan 29)

MORE TOPICS: CITIGROUP, BANK OF AMERICA, DEUTSCHE BANK, HSBC, MERRILL LYNCH, INDIA

Libor Fixing Scandal: UBS Scores Protection Over Future Fines With Another Immunity Deal

By IBTimes UK

UBS scored immunity deals with regulators in the US, Switzerland and Canada last year. (Nov 22)

MORE TOPICS: BARCLAYS, EUROPEAN UNION, JAPAN, DEPARTMENT OF JUSTICE, INVESTMENT

UBS Blames Legal Issues War Chest for Dampened Results

By IBTimes UK

Swiss banking giant swung back into profit in the third quarter (Oct 29)

MORE TOPICS: JAPAN, DEPARTMENT OF JUSTICE, INVESTMENT

Former UBS banker gets 18 months, $1 million fine, for muni bid-rigging scheme

By Reuters UK

Former UBS AG <UBSN.VX> banker Peter Ghavami was sentenced to 18 months in prison on Wednesday for his role in deceiving U.S. municipalities by rigging bids to invest municipal bond proceeds, a much shorter sentence than prosecutors had sought. (Jul 25)

MORE TOPICS: COURT, NEW YORK, DEPARTMENT OF JUSTICE, LAWYER, SETTLEMENT

Insight: Resigned to reform, Wall Street tries a different tack in DC

By Reuters

In March, as U.S. bank regulators were framing a new rule that would affect the $630 trillion derivatives market, JPMorgan Chase & Co <JPM.N> sent five bankers from New York and London to Washington to raise some fine points about the impact of the financial reform. (Jul 22)

MORE TOPICS: FEDERAL RESERVE, CITIGROUP, BANK OF AMERICA, GOLDMAN SACHS, JPMORGAN CHASE, FINANCIAL REFORM

Gold Ends at One-Month High on US Stimulus Prospects

By IBTimes UK

Demand rising in China and Japan while curbs in India cut buying. (Jul 20)

MORE TOPICS: CHINA, GOLD, FEDERAL RESERVE, BARCLAYS, GOLDMAN SACHS, GOLD PRICES

Regulators spell out fine print of big bank rescues

By Reuters UK

The world's top banks must spell out what would trigger capital raising and other steps to survive a crisis without needing taxpayer money, a global regulatory body said on Tuesday. (Jul 17)

MORE TOPICS: BARCLAYS, DEUTSCHE BANK, GOLDMAN SACHS, HSBC, LEHMAN BROTHERS, MORGAN STANLEY

Banking business leaves Ping An exposed to China market turmoil

By Reuters UK

The Ping An Insurance Group Co of China Ltd <601318.SS> <2318.HK> has, for years, been the country's financial industry darling. (Jul 12)

MORE TOPICS: CHINA, MORGAN STANLEY, HANG SENG INDEX, MANAGEMENT, INVESTMENT

Detroit sues bond insurer over potential creditor deal: WSJ

By Reuters

The city of Detroit has filed a lawsuit against bond insurer Syncora Guarantee Inc, claiming the company is blocking an agreement the city hopes to conclude with major creditors, the Wall Street Journal reported on Friday. (Jul 06)

MORE TOPICS: BANK OF AMERICA, MERRILL LYNCH, MICHIGAN, LAWSUIT

SEC ends probe of key witness against Goldman's Tourre

By Reuters

The SEC has ended a probe of a central witness it intends to call at this month's fraud trial against former Goldman Sachs Group Inc vice president Fabrice Tourre for his role in a notorious 2007 debt instrument that hedge fund billionaire John Paulson successfully shorted. (Jul 04)

MORE TOPICS: SEC, GOLDMAN SACHS, COURT, NEW YORK, LAWYER, MORTGAGE