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Stock Market & Financial Investment News

News Breaks
July 24, 2014
06:41 EDTUBSFrance initiates formal probe of UBS, NY Times says
French authorities are formally investigating UBS, which faces charges of tax fraud and money laundering for helping clients evade taxes , an official in the Paris prosecutor's office told The New York Times. The bank has been ordered to post bail of about $1.5B, The Times stated The launch of a formal investigation indicates that prosecutors believe criminal charges may be lodged, but the bank may never be charged, the newspaper explained. Reference Link
News For UBS From The Last 14 Days
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September 3, 2015
09:11 EDTUBSEurope has to wait at least five years before bank consolidation, Reuters says
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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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