UBS news from FierceFinance
News
Should we be worried about foreign banks?
Times are tough for U.S. investment banks, and overseas banks are taking aim at the market. Capital, Deutsche Bank, Credit Suisse and UBS are now among the top 10 global merger advisers; a decade... Read more...
Big winners in M&A shakeout
Mergers and acquisitions are far from dead. Investment bankers, the ones that are still employed anyway, have plenty to do. In fact, we're seeing some interesting market-share dynamics at work.... Read more...
Tax havens change with times
The United States' aggressive probe of tax evasion via Swiss giant UBS has had a palpable effect on other countries. Switzerland of course is making it easier for other countries to probe tax fraud... Read more...
New wrinkle in UBS tax-scam probe
Recall that UBS has admitted it failed to properly withhold taxes on 17,000 accounts held by Americans. But that may be a low-ball figure, according to the New York Times. Investigators are looking... Read more...
American clients of UBS turn themselves in
The big battle pitting American regulators against the vaunted Swiss banking giant UBS has taken an interesting turn. More American clients are voluntarily identifying themselves to the IRS, in hopes... Read more...
How hot is wealth management?
Investment banking isn't going to be seen as growth business for a while, which has made good, old-fashioned wealth management look all the more promising. Bank of America certainly has hopes for the... Read more...
Bank of America reduces stake in CCB
Does this strike you as a savvy move? Bank of America made a roughly $1.1 billion profit on the sale of its stake in China Construction Bank. The $2.83 billion sale reduced the bank's stake from 19.1... Read more...
JPMorgan in expansion mode
JPMorgan Chase has fared as well as any bank in the credit crunch. It has emerged as one of the Big Four and seems to be bent on strategic expansion in a way that Citi is not. Case in point: JPMorgan... Read more...
Plenty of bonuses on Wall Street still
While Goldman Sachs, UBS, Deutsche Bank and Barclays have all announced that their top executives will forego bonuses in 2008, there will still be lots of bonus money handed out. You're lucky if you... Read more...
What will Citigroup do about executive bonuses?
This would appear to be a no-brainer. After four straight quarters of massive losses, the elimination of 53,000 jobs, the unsuccessful and embarrassing attempt to buy Wachovia, and the spurning of... Read more...
