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Stock Market & Financial Investment News

News Breaks
July 29, 2014
05:23 EDTUBSUBS reports Q2 net income CHF 792M vs. CHF 690M last year
Reports fully applied Basel III common equity tier 1 ratio 13.5%. UBS said it resolved its cross-border tax matter in Germany with the authorities in Bochum in July. The settlement, which includes a payment of approximately EUR 300M, concludes the Bochum proceedings. UBS booked provisions of approximately CHF 120M relating to this matter in Q2. It stated, "As a result of significant efforts by the bank, over 95% of its German clients have either provided UBS with evidence of tax compliance or completed the voluntary compliance program. UBS continues to target 100% by year-end."
News For UBS From The Last 14 Days
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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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