Credit Suisse AG named Rob Stewart as chief executive officer of its Australian business, succeeding David Livingstone, who is returning to London in a senior role.
UBS AG named Matthew Hanning as the head of its Asia-Pacific investment-banking unit, replacing Matthew Grounds, who will focus on the Swiss bank’s Australian operation.
Merrill Lynch & Co.’s suit seeking $9.4 million from Indonesian businessman Prem Harjani has no legal basis, a lawyer for the bank’s former private-banking client told a Singapore court today.
UBS AG traders tried to rig Hong Kong’s benchmark interest rate between 2006 and 2009, the city’s central bank said following a more than yearlong probe.
Nomura Holdings Inc. hired Stanley Wong and Ajay Gupta from Bank of America Corp.’s Merrill Lynch unit to boost equities and derivatives business after recruiting three executives from the U.S. bank since May.
UBS O’Connor, the UBS AG unit with $5.2 billion of assets, plans to open its first Asia-focused hedge fund to investors later this year, said two people with knowledge of the matter.
Transocean Ltd. , the owner and operator of the oil rig leased to BP Plc that exploded last month and killed 11 workers, asked a U.S. judge to limit its liability to $26.7 million.
"We are pleased that the investigation of the HKMA returned the same results as our own internal investigation-- no collusion among banks and no noticeable impact on the fixing of Hibor."
- Rob Stewart on Mar 14, 2014