Karina Byrne News
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UBS AG was ordered to face a whistle- blower lawsuit by a former commercial mortgage-backed securities strategist who said he was fired for telling supervisors he was being pressured to publish misleading reports.
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UBS AG, the Swiss bank that is cutting about 10,000 jobs, plans to move out of almost three-quarters of the space it rents at Manhattan’s 299 Park Ave. as it seeks to reduce real estate costs.
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UBS AG, Switzerland’s largest bank, cut 20 jobs at its Canadian investment-banking unit as part of cost cuts by the Zurich-based bank.
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UBS AG, the Swiss lender restructuring its investment bank, is closing a Los Angeles office with as many as 20 bankers and support staff.
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UBS AG, Switzerland’s largest bank, shut its mergers investment-banking team in Toronto.
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UBS AG won dismissal of a lawsuit brought by Loreley Financing entities, which sued the Swiss bank to recover $331 million in losses on collateralized debt obligations.
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UBS AG, Switzerland’s largest bank, cut three jobs in its Canadian financial-adviser network as it consolidates operations in the country.
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UBS AG, Switzerland’s biggest bank, may be fined more than $1 billion by U.S. and U.K. regulators for trying to rig global interest rates, more than double the amount levied against Barclays Plc, according to a person familiar with the probe.
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The U.S. subsidiaries of European financial institutions, led by Zurich-based UBS AG and Brussels- based Dexia SA , were some of the largest users of a government program to provide emergency short-term funding to companies during the credit crisis.
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The only winners in the financial crisis that brought Detroit to the brink of state takeover are Wall Street bankers who reaped more than $474 million from a city too poor to keep street lights working.
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