New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 26, 2013
06:27 EDTUBSUBS sued by Kuwaiti sheik over $20M fee, WSJ reports
Kuwaiti Sheik Meshal Jarah Al Sabah alleges that a senior executive at UBS (UBS) offered $20M to get the bank an advisory role to derail a bid by Vivendi for Zain assets, reports the Wall Street Journal. The company eventually backed out of the deal and has now denied the allegations, but Sheik Meshal has sued the company because he had not received a payment. Reference Link
News For UBS From The Last 14 Days
Check below for free stories on UBS the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
April 7, 2014
13:08 EDTUBSPanel rules UBS unit to pay $5.4M to ex-broker, Reuters says
A Financial Industry Regulation Authority arbitration panel ruled that a unit of UBS has to pay $5.4M to an ex-broker to settle a dispute which stemmed from the sale of Lehman structured notes to his clients, reported Reuters. Reference Link
06:58 EDTUBSDark markets could cause more harm than high-frequency trading, Reuters says
After a book by financial author Michael Lewis sparked worries that high-speed traders have been rigging the U.S. stock market, former regulators and academics say a more serious threat to investors could be the increasing amount of trading that happens outside of exchanges, reported Reuters. Top internalizers include units of KCG Holdings (KCG), Citadel, UBS (UBS), and Citigroup (C). Dark pool operators include Credit Suisse (CS) and Morgan Stanley (MS). In an attempt to earn back some of the retail orders, exchanges such as IntercontinentalExchange Group's (ICE) New York Stock Exchange, Nasdaq (NDAQ), and BATS Global Markets, have allowed brokerages to place dark pool-style orders on their platforms, with the trade hidden until after it is executed. Reference Link

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