Global investment banks based in Europe and the U.S., facing regulatory and cost-cutting pressures at home, are losing market share in emerging economies to smaller domestic competitors.
Jerker Johansson, a former head of UBS AG’s investment bank, said his unawareness of rigging of global interest rates at the biggest Swiss bank was a failure and negligent.
Industrial copper users including AmRod Corp., Southwire Co. and Encore Wire Corp. urged U.S. regulators to reverse a decision clearing the way for a JPMorgan Chase & Co. exchange-traded fund backed by the metal.
Brendan Rodgers may be appointed as Liverpool’s new manager today after telling Swansea that he’d like to accept the 18-time English soccer champion’s job offer.
Sergio Ermotti won over UBS AG’s board to get the chief executive officer post. Now he has to convince investors that the fifth reorganization of the firm’s investment bank in six years will succeed.
Baker Botts LLP’s Steve Wardlaw is taking over as partner in charge of the firm’s London office, after spending seven years in Moscow, the firm said.
As Switzerland’s central bank imposed a limit on the franc’s appreciation against the euro on Sept. 6, UBS AG trader Kweku Adoboli’s Facebook profile had a plea for his friends: “Need a miracle.”
The following is a roundup of soccer stories from U.K. newspapers, with clickable links to the Web.
"You can never guarantee how things will work out when you employ a new manager, especially after the success we've had in recent seasons, but I think everyone has seen for themselves that Michael has helped take this football club to another level."
- Huw Jenkins on Mar 08, 2013