UBS news from FierceFinance
News
What good is the universal bank model?
Citigroup gets all the attention, but the universal banking model was embraced by other banks over the past decade or so, though not to the Read more...
UBS aiming for a break up?
What to make of the latest UBS news? The bank is breaking into three distinct business units--Wealth management (sort of private banking), asset management and investment banking--and has been Read more...
UBS to settle ARS issues for nearly $19.4 billion
We thought Citigroup might become the poster child for the auction rate securities scandals--yes we can now use that term--given the fact that New York regulators are Read more...
NY AG says Citi destroyed documents
At first glance, the news that the New York state attorney general is prepared to charge Citi with fraud regarding its auction rate securities practices is similar to Read more...
States gets aggressive on auction rates securities
States are getting busy when it comes to auction rate securities. Missouri raided the St. Louis office of Read more...
New York sues UBS over auction rate securities
UBS has once again found it the target of federal charges. This time, New York Attorney General Andrew Cuomo has charged the Swiss bank with illegally promoting auction rate securities as safe Read more...
Are Lehman Brothers' options dwindling?
Will Lehman Brothers be forced to sell its Neuberger Neuman asset management unit? There's been a lot of talk that it might be forced to find a buyer or sell shares to Read more...
Wall Street boards to change with times?
We noted recently that the credit crunch has not given rise to a lot of board turnover at hard-hit banks. Some boards, such as Washington Mutual's board, seem Read more...
Banks vulnerable over auction rate securities mess
We've noted often that prosecutions and regulatory activity follow scandals. The New York Times highlights an area that many have identified as rife with conflicts: the auction rate securities Read more...
Sovereign wealth funds taking new investing tack?
Sovereign wealth funds have basically been forced to take a lower profile in recent months. Following a spate of big-time, high-profile investments in brand-name Wall Street firms, they were hit with Read more...