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Stock Market & Financial Investment News

News Breaks
January 13, 2014
05:52 EDTUBSUBS CEO: No spinoff of investment bank, Reuters reports
UBS CEO Sergio Ermotti said today that the firm is not considering spinning off its investment bank, rebuffing speculation last week it may consider such a move to quieten demands for it to put aside more capital, reports Reuters. Reference Link
News For UBS From The Last 14 Days
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September 1, 2015
19:36 EDTUBSUBS settles lawsuit related to sale of risky securities, BI says
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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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