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UBS AG is in the Financial Services Industry
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U.S. Victims of Attacks in Israel Sue Swiss Bank
NEW YORK (Reuters) - American victims of bombings and rocket attacks in Israel have sued Swiss bank UBS AG for more than $500 million, accusing the bank of helping fund the militants behind the attacks through dealings with Iran. The lawsuit seeks damages...
Senior UBS Employee Was Detained in U.S. Tax Probe
By Katie Reid and Martha Graybow ZURICH/NEW YORK (Reuters) - A senior UBS UBSN employee was briefly detained by U.S. authorities as part of a probe into whether U.S. clients tried to evade tax obligations with the firm's help, the Swiss bank said...
Prudential Hires Former ABN Exec as Asia Fund CEO
By Jeffrey Hodgson HONG KONG (Reuters UK) - Prudential PRU has named former ABN AMRO executive Arne Lindman as the new head of its $74 billion (37.5 billion pound) Asian fund arm, ending a nearly year-long hunt for a permanent chief executive. The former CEO of...
UBS Axes 5,500 Jobs as It Sells Down Subprime
By Thomas Atkins ZURICH (Reuters UK) - UBS said it would axe 5,500 jobs and sell billions of dollars of ailing assets in a bid to break free from the subprime crisis. The job cuts, coming on top of 1,500 already completed, will reduce the Swiss...
UBS Axes 5,500 Jobs as It Sells Down Subprime
By Thomas Atkins ZURICH (Reuters) - UBS said it would axe 5,500 jobs and sell billions of dollars of ailing assets in a bid to break free from the subprime crisis. The job cuts, coming on top of 1,500 already completed, will reduce...
UBS to Cut 5,500 Jobs, Has BlackRock Debt Deal
By Thomas Atkins ZURICH (Reuters) - UBS AG will cut 5,500 jobs or almost 7 percent of its workforce as Europe's biggest subprime casualty reverses a rapid expansion into investment banking. The bank also said it has a preliminary deal with U.S. asset...
UBS Seen Slashing Jobs With Big Q1 Loss
By Thomas Atkins ZURICH (Reuters UK) - UBS UBSN shares rose over 5 percent on Friday on hopes the ailing Swiss bank will unveil job cuts next week to reverse breakneck expansion into investment banking which made it Europe's worst subprime victim. Investors believe the bad...
BlackRock Buying UBS Subprime Debt For $15 Billion: FT
SINGAPORE (Reuters) - U.S. asset manager BlackRock Inc BLK is to buy a portfolio of subprime mortgage debt from UBS AG UBSN for $15 billion, the Financial Times reported on its website on Tuesday, citing people familiar with the transaction. The...
UBS to Unveil Job Cut Plans Tuesday: Sources
LONDON (Reuters) - Swiss bank UBS UBSN, Europe's biggest casualty of the credit crisis, will announce plans for job cuts on Tuesday when it releases quarterly results, sources familiar with the matter said on Thursday. Speculation among UBS employees is that the bank...
Tomkins Year Outlook Steady
By Dan Lalor LONDON (Reuters UK) - Engineer Tomkins TOMK said on Thursday strength in global agricultural and industrial markets underpinned its full-year outlook, but it was trimming expectations for North American markets. "Our managers continue to take steps to mitigate the continuing U.S. headwinds...
Credit Suisse Hit By Further $5 Bln Writedown
By Douwe Miedema ZURICH (Reuters) - Credit Suisse notched up a further 5.3 billion Swiss francs ($5.26 billion) of credit-linked writedowns but its core rich clients kept their money at the bank unlike those of rival UBS. Markets had stabilized in April but...
Credit Suisse Hit By Further $5 Bln Writedown
By Douwe Miedema ZURICH (Reuters UK) - Credit Suisse notched up a further 5.3 billion Swiss francs (2.6 billion pounds)) of credit-linked writedowns but its core rich clients kept their money at the bank unlike those of rival UBS. Markets had stabilised in April but Credit...
UBS Architect Ospel Leaves Battered Bank
By John O'Donnell ZURICH (Reuters) - UBS Chairman Marcel Ospel faces angry shareholders for the last time on Wednesday, seeking authority for the second emergency capital in months that meant the end of his career. Ospel, bated by Swiss media for a disastrous...
Moody's, UBS Downgrade Each Other. Eyes Roll.
To get a snapshot of how messed up things have gotten in the financial industry during the credit crunch, consider this little parable in the news Wednesday. UBS analysts issued a report on the firms that rated the subprime mortgage. The analysis seems sound enough. However, it...
Moody's, UBS Downgrade Each Other: Eyes Roll
To get a snapshot of how messed up things have gotten in the financial industry during the credit crunch, consider this little parable in the news Wednesday. UBS analysts issued a report on the firms that rated the subprime mortgage. The analysis seems sound enough. However, it...
The Stunning Subprime Mess
How bad is the subprime crisis? This from the New York Times, in the wake of the Swiss bank UBS announcing huge write-downs related to subprime mortgages: Banks worldwide have announced more than $135 billion in credit losses and write-downs since the...
Best Global Brands: Focus on UBS
The paper depicts that any brand that grows through acquiring existing companies faces challenges in establishing its new brand consistently and correctly, both in an employee's ability to internalize and deliver, and in the consumer's expectations and impressions. It shows the top five fastest growing brands on the list of...
Construction and Real Estate
The results of a survey with regard to fixed costs show that there is still considerable potential for optimization. In interior fitting, in particular, the differences are extreme. It is only in real estate that costs are currently not such a central issue, since this sector is still operating in...
Foundation: Recent Trends in Foundation Giving
The information in this article was based on a study on initial figures from large and mid-size, grant-making US Foundations. According to the study, overall giving by grant-making foundations fell in 2003 by 2.5%, down to $29.7 billion from $30.4 billion in 2002. The decline of only 2.5% compares favorably...
Global Investment Solutions: An Asset Allocation Revival
This white paper provides in-depth, innovative investment research on global asset management. It concludes that policy portfolios are not obsolete and can inappropriately constrain beta management. It further points out that separating the investment decision into beta exposures to hedge the liability stream and absolute return investing to create alpha...
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UBS AG Company Info
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Miscellaneous Financial Investment Activities: 523999Brought to you by IBMSponsored Resources
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