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News Breaks | | | | October 22, 2012 | | 06:21 EDT |  | UBS, CS | UBS, Credit Suisse may cut around 7K jobs, Reuters reports
UBS (UBS) is planning to release 900 IT employees in addition to 2,000-4,000 layoffs in some of its central functions and its investment bank. Credit Suisse (CS) may follow suit with its own layoffs, according to Reuters, citing Der Sonntag newspaper. Reference Link | |
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News For UBS;CS From The Last 14 Days Check below for free stories on UBS;CS the last two weeks. |
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| May 23, 2013 | | 06:29 EDT | | UBS, CS | Software firm Luxoft files for IPO in New York, Bloomberg reports
 Subscribe for More Information | | | May 22, 2013 | | 13:04 EDT | | UBS | UBS to face whistle-blower suit brought by strategist, Bloomberg says
Subscribe for More Information | | | 10:00 EDT |  | UBS | On The Fly: Analyst Downgrade Summary
Subscribe for More Information | | | 05:43 EDT | | UBS | UBS downgraded to Underperform from Market Perform at Keefe Bruyette
| | | May 21, 2013 | | 15:23 EDT | | UBS | UBS downgraded to Underperform from Market Perform at Keefe Bruyette
Subscribe for More Information | | | 07:12 EDT | | CS | Credit Suisse now second largest Asia prime broker, Reuters reports
The Asian prime brokerage unit of Credit Suisse (CS) replaced Morgan Stanley (MS) as the second largest firm servicing the region's $148B hedge funds industry, according to a survey by AsiaHedge. Goldman Sachs (GS) remains Asia's top prime broker with 179 clients and total assets under management of $24.6B, reports Reuters.Reference Link | | | 06:10 EDT | | CS | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: JPMorgan Chase (JPM) plans to shake-up of its board even if every director wins re-election at today’s shareholder meeting and James Dimon keeps his dual job as chairman and CEO, the Wall Street Journal reports...Mutual-fund firms are joining activist investors in getting more aggressive over demands for change in how board members are paid at U.S. companies. Activist investors have been experimenting more frequently with incentive pay packages for the board members they nominate in proxy fights, the Wall Street Journal reports...REUTERS: Specialty chemicals producer Rockwood Holdings’s (ROC) pigments businesses have attracted offers from buyout firms including Blackstone Group (BX) and Advent International, sources say, Reuters reports...The Asian prime brokerage unit of Credit Suisse (CS) replaced Morgan Stanley (MS) as the second largest firm servicing the region's $148B hedge funds industry, according to a survey by AsiaHedge. Goldman Sachs (GS) remains Asia's top prime broker with 179 clients and total assets under management of $24.6B, Reuters reports...BLOOMBERG: Bank managers in the U.S. are less likely to engage in mergers and acquisitions this year as regulators heighten scrutiny on potential deals and sellers wait for higher valuations, according to a KPMG survey, Bloomberg reports...PIMCO’s Bill Gross says the bull market for bonds may have ended last month. But investors are staying put. Four years into the biggest rally in U.S. stocks since 2000, bond mutual funds are attracting more money than their equity counterparts, Bloomberg reports. | | | May 20, 2013 | | 08:12 EDT |  | UBS | UBS names Sylvia Coutinho as CEO of UBS Group Brazil
Subscribe for More Information | | | 07:50 EDT | | CS | Gulf wealth funds raise private equity investments, Reuters reports
Sovereign wealth funds in the Gulf Arab region are increasing their allocations to private equity investments at a faster rate than other types of investment, U.S. fund manager Invesco said in a new study, reports Reuters. Large sovereign funds have been looking for alternative investments to give better returns than low-yielding staples such as U.S. Treasuries.Reference Link | | | 07:42 EDT |  | UBS | Cohasset Associates to host a conference
National Conference on Managing Electronic Records is being held in Chicago on May 20-22. | | | | May 16, 2013 | | 12:32 EDT |  | CS, UBS | EU bank stress test delayed until 2014 by regulator
The EBA agreed on recommendations to supervisors to conduct asset quality reviews on major EU banks. While banks’ capital positions were significantly strengthened under the EBA’s recapitalisation exercise, the objective of the asset quality exercises will be to review banks’ classifications and valuations of their assets so to help dispel concerns over the deterioration of asset quality due to macroeconomic conditions in Europe. Since appropriately reviewed balance sheets are a key input to an effective stress test, the EBA has also adjusted the timeline of the next EU-wide stress test so to conduct the exercise in 2014 once the asset quality reviews are completed. However, to ensure transparency and comparability over the years, the EBA will provide, in 2H, appropriate disclosure on the actual exposures of the EU banking sector. Reference Link | | | May 14, 2013 | | 06:19 EDT | | UBS | Brokerage firms see market share drop, competition increase, Bloomberg reports
Subscribe for More Information | | | May 13, 2013 | | 07:29 EDT | | UBS | Skillsoft to host a conference
2013 Global Skillsoft Perspectives Learning Industry Conference is being held in Orlando, Florida on May 13-16. | | | 06:49 EDT | | UBS, CS | ECB member says negative deposit rates would help economy, Reuters says
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