UBS

UBS to Split Units As Customer Defections Point To Loss of Confidence

admin_huliq — Tue, 12 Aug 2008 15:17:47 -0500

UBS reported a second-quarter loss of 358 million francs ($331 million) and announced a separation of its investment banking and wealth management units.

Auction Rate Securities Failures Lead to Lawsuits and Deja Vu

admin_huliq — Mon, 30 Jun 2008 12:31:37 -0500

Last Thursday, Massachusetts regulators filed a lawsuit against UBS alleging that the bank gave conflicted advice to customers in the auction-rate securities market.

UBS Losses, Executives Selling Rights to Buy Shares

admin_huliq — Tue, 10 Jun 2008 11:02:41 -0500

UBS is scheduled to take more losses on its mortgage holdings, as prices for these securities have worsened dramatically in the past few weeks.

Financial Losses Mount at Fannie Mae and UBS

admin_huliq — Tue, 06 May 2008 15:26:31 -0500

Fannie Mae posted a $2.19 billion loss, forcing the company to cut its dividend and seek a $6 billion capital infusion.

UBS Posts $11 billion loss, to cut 5,500 jobs

admin_huliq — Tue, 06 May 2008 10:14:23 -0500

UBS posted a $11 billion first quarter loss after taking a whopping $19 billion in mortgage-related losses. The company will cut 5,500 jobs in a restructuring effort to save the banking giant.

UBS Reports Second Quarter Results

Anastvatz — Tue, 14 Aug 2007 06:33:43 -0500

UBS reports net profit attributable to shareholders of CHF 5,622 million in second quarter 2007.

UBS Appoints New CEO

Anastvatz — Fri, 06 Jul 2007 02:26:23 -0500

The Board of Directors has appointed Marcel Rohner as UBS's Group Chief Executive Officer, effective July 6th. He succeeds Peter Wuffli, who relinquishes all of his functions at UBS.