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News Breaks | | | | September 14, 2012 | | 06:02 EDT |  | UBS | Britain to open case against former UBS trader Adoboli, Reuters reports
A case against former UBS (UBS) trade Kweku Adoboli, who is accused of fraud and false accounting that cost the bank $2.25B, is being opened today by a British prosecutor, Reuters reports. UBS is not a party to the criminal trial, but CEO Sergio Ermotti has warned that the bank's practices and culture are likely to come under scrutiny. Reference Link | |
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News For UBS From The Last 14 Days Check below for free stories on UBS the last two weeks. |
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| May 20, 2013 | | 08:12 EDT |  | UBS | UBS names Sylvia Coutinho as CEO of UBS Group Brazil
 Subscribe for More Information | | | 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 |  | 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 | ECB member says negative deposit rates would help economy, Reuters says
Subscribe for More Information | | | May 10, 2013 | | 13:17 EDT | | UBS | UBS names Palmer head of equity markets for Americas, Reuters reports
UBS has installed James Palmer as head of equity capital markets for the Americas, according to Reuters, which cited an internal memo it obtained. Palmer was previously a managing director in the group, the news service stated. Reference Link | | | May 7, 2013 | | 10:20 EDT | | UBS | Banks accused of restraining swaps market competition, Bloomberg says
A sheet metal workers union in Cleveland claimed in federal court that Goldman Sachs Group (GS), Citigroup (C) and 10 other banks have restrained market competition" for credit default swaps, violating U.S antitrust law, says Bloomberg. Other banks named in the complaint include Bank of America (BAC), Deutsche Bank (DB), and UBS (UBS), added Bloomberg. Reference Link | |
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