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Stock Market & Financial Investment News

News Breaks
February 13, 2013
06:06 EDTUBSUBS's Kengeter said to leave bank, FT reports
Carsten Kengeter, the former investment bank CEO at UBS (UBS), is set to leave the bank in a management shake-up, the Financial Times reports. Kengeter will be succeeded as the head of the bank's non-core and legacy portfolio by Sam Molinaro after a short transition. Reference Link
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August 31, 2015
06:10 EDTUBSBanks lobby EU over privacy rules overhaul, FT reports
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August 27, 2015
18:02 EDTUBSU.S. may prohibit Deutsche Bank, others from managing pensions, Bloomberg says
In correspondence dated mid-July, the U.S. Labor Department tentatively rejected requests from Deutsche Bank (DB), UBS (UBS), RBS (RBS) to manage U.S. pension funds, reports Bloomberg, citing letters between the organizations. Bloomberg notes that the Department could use the "threat of denial" to mandate stricter conditions on pension management. Reference Link
06:23 EDTUBSGoldman hiring 'several hundred' employees for Warsaw units, Reuters reports
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