Paine Webber News
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Cetera Financial Group Inc., the brokerage backed by private-equity firm Lightyear Capital LLC, agreed to buy two of MetLife Inc.’s broker-dealer affiliates with $25 billion under management.
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Joseph Lhota was Rudy Giuliani’s deputy on Sept. 11 and head of the agency that brought back the subways after Hurricane Sandy. He says that makes him the most qualified candidate to keep New York City from reverting to the days of crime and dysfunction.
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Covington & Burling LLP sought to overturn a judge’s ruling disqualifying the firm from working for Minnesota on a lawsuit alleging 3M Co. polluted state waters.
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UBS AG’s wealth management Americas unit can still achieve the $1 billion annual profit target the company set in 2009, Chief Financial Officer Tom Naratil said.
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“We do know what we’re doing,” UBS AG Chief Executive Officer Oswald Gruebel told investors last year about plans to step up risk-taking to boost profit. “Risk is our business.”
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A former JPMorgan Chase & Co. banker told jurors at a bid-rigging trial about a dinner meeting at a Manhattan restaurant where municipal derivatives executives from his firm and UBS AG agreed not to compete with one another.
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UBS AG, Switzerland’s biggest bank, posted a second straight quarterly loss after booking a fine for trying to rig global interest rates and costs tied to job cuts.
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UBS AG Chief Executive Officer Sergio Ermotti’s 2012 pay of 8.87 million Swiss francs ($9.3 million) was dwarfed by the 24.9 million francs in cash and stock investment bank head Andrea Orcel got on joining the bank.
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Robert Sinche has left Royal Bank of Scotland Group Plc where he was global head of foreign-exchange strategy, a spokeswoman for the company said today.
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New York University received a $40 million gift from Lightyear Capital LLC Chairman Donald Marron and will use the funds to create an institute to study cities and urban areas.
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