New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 12, 2013
06:23 EDTAIG, UBSUBS fined GBP9.45M for failings in sale of an AIG fund
The Financial Services Authority has fined UBS AG (UBS) for failures in the sale of the AIG Enhanced Variable Rate Fund (AIG). These failures led to UBS customers being exposed to an unacceptable risk of an unsuitable sale of the Fund. UBS also failed to deal properly with complaints from customers about sales of the Fund. UBS agreed to settle at an early stage entitling it to a 30% discount on its fine. Were it not for this discount, the FSA would have imposed a financial penalty of GBP13.5M on UBS. Reference Link
News For UBS;AIG From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
April 24, 2015
06:39 EDTUBSUBS betting on euro zone, Reuters reports
Subscribe for More Information
April 23, 2015
17:17 EDTAIGAir Lease settles AIG litigation, will pay $72M in total
In a regulatory filing, Air Lease (AL) reports that on April 22, 2015, it and certain executive officers and employees of the company entered into a settlement agreement and release with American International Group (AIG), International Lease Finance Corporation, and ILFC’s parent, AerCap Holdings (AER), to settle all ongoing litigation. Pursuant to the terms of the agreement, all claims and counterclaims asserted in the litigation will be dismissed with prejudice, each of the parties to the litigation will receive full releases of all claims and counterclaims asserted in the litigation, and Air Lease will pay AIG the sum of $36M no later than June 30, and an additional sum of $36M no later than September 30, which will be reflected in Air Lease's March 31 financial statements. No party admits any wrongdoing or liability with respect to any matter alleged in the litigation.
07:03 EDTUBSCapital Link to hold a forum
Subscribe for More Information
06:22 EDTUBSUBS, BNP may be preparing bids for stake in Postal Savings Bank, Reuters says
Subscribe for More Information
April 21, 2015
07:15 EDTUBSUBS to host a software tour
Software Tour at RSA Conference is being held on April 21-24.
April 20, 2015
19:32 EDTUBSU.S. pressures JPMorgan, Citi, others to settle forex case by mid-May, FT says
The U.S. Department of Justice is pressuring JPMorgan (JPM), Barclays (BCS), Citi (C), Royal Bank of Scotland (RBS), and UBS (UBS) to reach a settlement by mid-May regarding alleged foreign exchange manipulation, reports the Financial Times, citing people familiar with the situation. The Financial Times notes that the settlement could see some of the banks paying roughly $1B. Sources say that the Department is demanding guilty pleas from "most" of the banks. Reference Link
April 17, 2015
08:29 EDTAIGAIG reserves to become tailwind this year, says Bernstein
Subscribe for More Information
07:50 EDTUBSUBS plans to add up to 350 compliance staff over three years, Reuters reports
Subscribe for More Information
06:04 EDTUBSUBS launches review of Australian wealth-mangement unit, WSJ reports
Subscribe for More Information
April 16, 2015
08:56 EDTAIGAIG says Doug Steenland to succeed Steve Miller as non-executive chairman
Subscribe for More Information
07:49 EDTUBSActivist calls on UBS to spin or merge investment bank, Reuters reports
Subscribe for More Information
07:26 EDTAIGAIG shares remain attractive, says Deutsche Bank
Subscribe for More Information
April 15, 2015
16:34 EDTAIGAIG invests in K2 Intelligence
Subscribe for More Information
15:56 EDTAIGAIG to invest in K2 Intelligence, NY Times says
AIG plans to announce that it has made an investment in investigations firm K2 Intelligence, though terms of the investment were not disclosed, reported The New York Times. Reference Link
10:36 EDTAIGBofA/Merrill U.S. credit analysts hold an analyst/industry conference call
Subscribe for More Information
06:41 EDTUBSECB authorizes new emergency funding for Greek banks, Reuters reports
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use