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UBS

UBS 9/22/2011

06:56 : Court rules that UBS trader should stay in custody - LONDON (AP) -- A trader accused of losing Swiss banking giant UBS about $2.3 billion is "sorry beyond words," his lawyer said Thursday, as a judge ordered him to be held in jail until a hearing next month....
Source : usnews-com
06:19 : UBS chief fights to keep investment bank and his job - SINGAPORE (Reuters) - UBS CEO Oswald Gruebel is fighting to keep the Swiss bank's investment arm -- the scene of a $2.3 billion rogue trading scandal -- despite pressure to scale it back or split it off, as he seeks to save ...
Source : reuters-com
04:01 : UBS chief seeks backing for investment bank, leadership - UBS CEO Oswald Gruebel will ask the board of the Swiss financial giant to back his leadership and keep its investment bank after a $2.3 billion loss blamed on a rogue trader piled pressure on him to scale back or even split off the division.
Source : ibtimes-com
03:45 : U.K. Sets Sights on 'Rogue' Traders - As authorities investigate an alleged rogue trader at UBS, British regulators are examining multiple cases of possible improper or unauthorized trading at banks operating in London.
Source : wsj-com
02:10 : U.K. looks into more improper-trading cases: WSJ - TEL AVIV (MarketWatch) -- British regulators are reviewing at least four cases of possible improper trading at banks, people familiar with the matter told The Wall Street Journal. The probe comes as the authorities are investigating ...
Source : marketwatch-com

UBS 9/21/2011

23:59 : UBS Chief's Message to Board: Stick with 'Integrated' Bank - UBS CEO Oswald Gruebel will stress to the board of directors that he wants the investment bank to remain part of Swiss bank's "integrated banking model" in meetings on Thursday and Friday, sources said, after rogue trading cost the bank $2.3 ...
Source : ibtimes-com
23:19 : U.K. Sets Its Sights on 'Rogue' Traders - As authorities investigate an alleged rogue trader at UBS, British regulators are examining multiple cases of possible improper or unauthorized trading at banks operating in London, according to people familiar with the matter.
Source : wsj-com
09:34 : UBS CEO Gruebel says has board's backing - SINGAPORE (Reuters) - UBS chief executive Oswald Gruebel said he had the support of the Swiss bank's board ahead of its first meeting since announcing rogue trading had cost it $2.3 billion, news that promoted calls for tougher ...
Source : reuters-com
08:49 : UBS CEO Gruebel says has board's backing - UBS chief executive Oswald Gruebel said he had the support of the Swiss bank's board ahead of its first meeting since announcing rogue trading had cost it $2.3 billion, news that promoted calls for tougher regulation of investment banks.
Source : ibtimes-com
06:27 : Breakingviews: Singapore not helpless over UBS losses - Sept. 21 - Singapore's sovereign fund, which owns 6.5 percent of Swiss bank UBS, is disappointed with its investment and may want to rethink the wisdom of being a passive shareholder, says Reuters Breakingviews.
Source : reuters-com
02:00 : UBS CEO, Singapore holder disappointed at incident - TEL AVIV (MarketWatch) -- UBS AG's chief executive and a prominent holder of the Swiss bank on Tuesday expressed disappointment with the rogue-trading incident that prompted an estimated $2.3 billion loss, media reports say. People familiar ...
Source : marketwatch-com
00:53 : Singapore's GIC concerned with UBS trading loss - SINGAPORE (AP) -- A Singapore state investment fund that is the biggest UBS shareholder says it is disappointed and concerned with lapses at the Swiss bank that led to a $2.3 billion rogue trading loss....
Source : usnews-com

UBS 9/20/2011

23:42 : UBS Board to Focus on Postscandal Plan - As the board of UBS AG begins a three-day meeting Wednesday, the stakes are high for Chief Executive Oswald Grübel, who is likely to give directors the first sketch of how he proposes to scale back the investment bank as a result of the rogue ...
Source : wsj-com
22:12 : UBS chief confident of board support despite - UBS chief executive Oswald Gruebel said he has the support of his board despite the rogue trading scandal that cost the Swiss bank $2.3 billion and prompted calls for tougher regulation of risky investment bank practices.
Source : ibtimes-com
20:39 : UBS chief still confident of board support despite trading loss - SINGAPORE (Reuters) - UBS chief executive Oswald Gruebel said on Wednesday he still has support from the Swiss bank's board of directors, after unauthorized trading caused a $2.3 billion loss.
Source : reuters-com
19:21 : UBS boss seeks board backing for overhaul - SINGAPORE/ZURICH (Reuters) - UBS Chief Executive Oswald Gruebel will ask the Swiss bank's board to back plans for a radical overhaul of investment banking under his leadership at a meeting in Singapore, after unauthorized trading ...
Source : reuters-com
15:52 : DealBook: Rogue Trading Scandal Could Hasten Changes at UBS - UBS had planned to scale back its fixed-income operation to help make the bank more profitable, but the scandal may force it to consider even greater changes.
Source : iht-com
15:31 : UBS and Citi eye Asia to get back on track - Timely coincidence that two banks with problems to fix have chosen to stress their commitment to the region by hosting full board meetings in Singapore
Source : ft-com
11:14 : How you could profit from rogue traders - With the UBS debacle just the latest in a long line of rogue trading fiascos, banking chiefs will be working overtime to get a firmer grip on their employees' activities. And for one company, that means profit, says Tom Bulford.
Source : moneyweek-com
10:49 : File under auditor needed: [[UBS]] denies it was bad bets on the Swiss ... - File under auditor needed: UBS denies it was bad bets on the Swiss franc that led to the $2.3B debacle, pointing to phantom trades the rogue trader placed in the books illegally instead of properly hedging his U.S and Europe stock positions. ...
Source : seekingalpha-com
10:06 : The UBS scandal: history's biggest rogue traders - The arrest of UBS trader Kweku Adoboli for alleged fraud marks the latest in a long line of so called 'rogue traders' at investment banks. DAvid Stevenson looks at some of the biggest, and what happened to them.
Source : moneyweek-com
09:23 : Bank of China Halts Forex Swaps - Bank of China has suspended trading of foreign-exchange swaps with BNP Paribas and UBS in China's domestic market, a move that could further agitate a local market increasingly nervous about the unfolding ...
Source : wsj-com
08:49 : Pulte up 4% on UBS upgrade - NEW YORK (MarketWatch) -- PulteGroup Inc. rose 4.3% on Tuesday morning after UBS upgraded the home builder to a buy from neutral. Analysts said the stock's valuation offers an attractive entry point. UBS kept ...
Source : marketwatch-com
08:17 : Embattled PulteGroup (PHM) catches an upgrade from UBS to Buy from Neutral - Embattled PulteGroup (PHM) catches an upgrade from UBS to Buy from Neutral on valuation with a $8 price target - repping a healthy 83% upside potential. Shares of the home builder are up 5.5% premarket. Post your comment!
Source : seekingalpha-com
04:15 : Bank of China Halts Some Forex Swaps - Bank of China has suspended trading of foreign-exchange swaps with BNP Paribas and UBS in China's domestic market, a move that could further agitate a local market increasingly nervous about the unfolding ...
Source : wsj-com
02:20 : Trading-rule gap may have enabled UBS trades: WSJ - TEL AVIV (MarketWatch) -- The trader who allegedly prompted a loss at UBS AG currently estimated at $2.3 billion may have taken advantage of a loophole in European trading rules, people familiar with the situation told The Wall Street|Wall ...
Source : marketwatch-com
01:54 : UBS boss seeks board vote of confidence: report - ZURICH/SINGAPORE (Reuters) - UBS AG Chief Executive Oswald Gruebel will seek a vote of confidence at a board meeting in Singapore for plans to slash the investment banking division that caused a $2.3 billion loss due to unauthorized ...
Source : reuters-com
01:44 : Bank of China reportedly halts Europe forex swaps - LOS ANGELES (MarketWatch) -- Bank of China Ltd. has suspended foreign-exchange swaps with European banks, including BNP Paribas SA , according to reports Tuesday citing unnamed sources. Dow Jones Newswires said the ...
Source : marketwatch-com

UBS 9/19/2011

23:13 : China bank halts forex swaps with Europe banks - HONG KONG (MarketWatch) -- An unidentified Chinese state-run bank has halted foreign-exchange swaps with several European banks, with the suspension believed to include BNP Paribas SA and UBS AG , according to reports citing ...
Source : marketwatch-com
22:27 : DealBook: UBS Scandal Is a Reminder About Why Dodd-Frank Came to Be - The case cast a spotlight on banks' risk-taking activities and evoked memories of the financial crisis at a time when new regulations are anticipated.
Source : nytimes-com
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