Mike Stewart

UBS Asia-Pacific Equities Head Beshke to Retire, Memo Says

C.J. Beshke, UBS AG’s head of Asia- Pacific equities, will retire after 24 years with the largest Swiss bank, according to an internal memo distributed yesterday.

Stewart Said to Leave JPMorgan to Start Hedge Fund in London

Mike Stewart, who JPMorgan Chase & Co. picked last year to oversee a unit of traders being moved out of its investment bank, has left to start a hedge fund, according to two people with knowledge of the matter.

JPMorgan Trader Mike Stewart to Start Hedge Fund, FT Reports

Mike Stewart, JPMorgan Chase & Co.’s global head of proprietary trading, plans to leave the bank to start his own hedge fund and take some employees with him, according to the Financial Times.

JPMorgan Is Said to Pick Stewart to Run Proprietary Trading Ahead of Curbs

JPMorgan Chase & Co. picked Mike Stewart to head a proprietary trading unit the firm is moving from its investment bank ahead of U.S. restrictions on making bets for its own account, a person briefed on the decision said.

UBS Says Equities Co-Heads Gouws, Bouhara Resign Over Bank’s Trading Loss

UBS AG, Switzerland’s biggest bank, said Francois Gouws and Yassine Bouhara resigned as co-heads of global equities following last month’s $2.3 billion loss from unauthorized trading.

UBS Wealth Management Inflows Top Estimates; Shares Rise

UBS AG, Switzerland’s biggest bank, attracted more funds from wealthy clients in the first quarter than analysts estimated, sending the company’s shares to the biggest advance in two weeks.

JPMorgan’s Gulati Said to Meet Investors as He Weighs Hedge Fund

JPMorgan Chase & Co.’s Deepak Gulati is holding talks with investors as he and a team of traders consider leaving the bank to start a hedge fund, said four people with knowledge of the discussions.

UBS’s Orcel Says Investment Bank Revamp to Take 3-5 Years

UBS AG will need three to five years to fully transform its investment bank under a plan outlined last month, Andrea Orcel, who heads the unit, told staff at town hall-style meetings over the past two weeks, according to two people who heard him speak.

JPMorgan May Put $2 Billion Into Prop Trading Unit, WSJ Says

JPMorgan Chase & Co. may appoint Mike Stewart head of its proprietary trading unit and put $2 billion into the unit, which the company is transferring to its asset management division from investment banking, the Wall Street Journal reported, citing an unidentified person.

Tiger Woods Will Be Fined by European Tour for Spitting on Course in Dubai

Tiger Woods will be fined by the European Tour after the former top-ranked golfer spat on the green while lining up a putt at the Dubai Desert Classic.

London

Paul Volcker

Taiwan Rebuffs Aquino on Sea Death as Economic Ties at Risk

Asian Stocks Advances as Nikkei 225 Surges Above 15,000

Bomb Threats That Aborted China Flights Unfounded, Xinhua Says

Shell Targeted With BP in EU Price Fixing Probe for Oil: Energy

Pentagon Furloughs of 680,000 Seeks to Save $1.8 Billion