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Stock Market & Financial Investment News

News Breaks
December 19, 2012
05:38 EDTUBSUBS sees Q4 loss of CHF 2.0B - CHF 2.5B
UBS said it believes its Q4 net profit attributable to shareholders will show a loss in the approximate range of CHF 2.0B - CHF 2.5B, primarily as a result of: total provisions for litigation and regulatory matters, including the LIBOR settlements, of approximately CHF 2.1B; restructuring charges of approximately CHF 0.5B; and an own credit loss on financial liabilities designated at fair value of approximately CHF 0.4B. On an adjusted basis, UBS expects to report a pre-tax profit in the approximate range of CHF 2.5B-3.0B for the year. The bank added, "We are encouraged by the progress we have seen in the quarter to date on both RWA reduction and balance sheet deleveraging. Net new money is expected to be positive in the quarter as we have seen good flows in our Wealth Management and Wealth Management Americas businesses, while we have seen net outflows in Global Asset Management. Our Basel III phase-in common equity tier 1 ratio is expected to improve to around 14% by quarter-end and our fully applied Basel III common equity tier 1 ratio, inclusive of the effects from early adopting IAS 19R in the fourth quarter, is expected to be roughly in line with the third quarter's level of 9.3%."
News For UBS From The Last 14 Days
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October 19, 2014
14:03 EDTUBSUBS stays with risky Puerto Rico bond fund recommendations, Reuters says
Despite numerous arbitration claims by investors who cite Puerto Rico closed-end bond funds for losses, UBS has told brokers that they may continue to recommend the funds, says Reuters. Reference Link
October 16, 2014
08:42 EDTUBSUBS, DOJ in talks for forex rigging settlement, FT reports
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06:50 EDTUBSEuropean regulator rejects bonus loophole, NY Times says
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October 15, 2014
07:27 EDTUBSJPMorgan, HSBC fire traders linked to forex probe, WSJ reports
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October 10, 2014
09:13 EDTUBSEBA says EU stress test results to be published October 26
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October 8, 2014
07:36 EDTUBSPeterson Institute for International Economics to hold a discussion
Board of Directors Chairman of UBS AG, Axel Weber, discusses whether the global economy can heal and if inflation will make a comeback in 2015 in a webcast being held on October 8 at 12:15 pm. Webcast Link
October 7, 2014
06:51 EDTUBSJustice Department set to attack more large banks by year end, NY Times says
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06:40 EDTUBSUBS French division aims to restructure asset management unit, Reuters says
The French division of UBS is aiming to reorganize its asset management unit and is in discussion with unions regarding potential staff reductions, as the bank looks to concentrate on private banking, according to Reuters, citing a spokeswoman for UBS France. Reference Link
October 6, 2014
07:51 EDTUBSBofA/Merrill European banks analysts hold an analyst/industry conference call
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