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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
News For UBS From The Last 14 Days
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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
April 4, 2014
07:30 EDTUBSUBS battles proposal to move Puerto Rico bond fund cases, Reuters says
A unit of UBS is fighting a plan that would allow hundreds of investors who lost money in closed-end Puerto Rico bond funds to arbitrate their claims against the firm on the U.S. mainland, according to Reuters, citing people familiar with the matter. Reference Link

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