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Stock Market & Financial Investment News

News Breaks
July 15, 2013
08:13 EDTUBSUBSís Weber: Fed's stimulus reduction negatively hurts Europe, Bloomberg says
UBS Chairman and former European Central Bank Governing Council member Axel Weber says the Fed's plan to reduce stimulus will have a negative affect on the European economy, reports Bloomberg. ďThe Fed is doing the right thing for the U.S. Thatís their mandate, but itís undisputed that through transaction and arbitrage, it has spillover effects to other constituencies. Itís coming for Europe at an awkward point in time.Ē Reference Link
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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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