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Showing posts with label UBS. Show all posts
Showing posts with label UBS. Show all posts
UBS faces $1.6 billion fine over Libor rigging: paper | Reuters
UBS faces $1.6 billion fine over Libor rigging: paper | Reuters: (Reuters) - "UBS (UBSN.VX) faces a fine of 1.5 billion Swiss francs ($1.63 billion) to settle interest rate rigging charges, a Swiss newspaper reported on Saturday"
UBS could pay $450m to settle Libor claims | Business | guardian.co.uk
UBS could pay $450m to settle Libor claims | Business | guardian.co.uk: "UBS spokeswoman tells Reuters that bank is in discussions with authorities in the US and Britain"
Former UBS Paris head placed under investigation | Reuters
Former UBS Paris head placed under investigation | Reuters: (Reuters) - "The former head of UBS's (UBSN.VX) French arm has been placed under investigation as part of a months-long probe into allegations the Swiss bank aided clients evade taxes, a judicial source said on Monday."
UBS says Nasdaq's Facebook compensation plan inadequate | Reuters
UBS says Nasdaq's Facebook compensation plan inadequate | Reuters: (Reuters) - "The $62 million compensation plan proposed by Nasdaq OMX Group for fallout from Facebook's botched IPO is "inadequate to address the magnitude of Nasdaq's unprecedented failures", UBS Securities LLC said in a letter to U.S. regulators."
UBS to sue Nasdaq over Facebook flotation | Business | guardian.co.uk
UBS to sue Nasdaq over Facebook flotation | Business | guardian.co.uk: "Swiss bank suing the US hi-tech stock market Nasdaq for 'gross mishandling' of the share sale, in which it lost SFr349m (�240m)"
Insight: Fed knew of Libor issue in 2007-08, proposed reforms | Reuters
Insight: Fed knew of Libor issue in 2007-08, proposed reforms | Reuters: (Reuters) - "The Federal Reserve Bank of New York may have known as early as August 2007 that the setting of global benchmark interest rates was flawed. Following an inquiry with British banking group Barclays Plc in the spring of 2008, it shared proposals for reform of the system with British authorities."
..."More than a dozen banks are being investigated for their roles in setting Libor, including Citigroup, JPMorgan Chase & Co, Deutsche Bank, HSBC Holdings Plc, UBS and Royal Bank of Scotland."
..."More than a dozen banks are being investigated for their roles in setting Libor, including Citigroup, JPMorgan Chase & Co, Deutsche Bank, HSBC Holdings Plc, UBS and Royal Bank of Scotland."
Top banks say they not too big to fail | Reuters
Top banks say they not too big to fail | Reuters: (Reuters) - "Nine of the largest global banks on Tuesday expressed confidence they can be salvaged or dismantled without taxpayer bailouts if they became insolvent, as U.S. regulators released public portions of these banks' "living wills"."
U.S. moves toward legal action against Swiss bank: sources | Reuters
U.S. moves toward legal action against Swiss bank: sources | Reuters: (Reuters) - "U.S. authorities are moving toward taking legal action against Wegelin & Co, which could lead to an indictment of one of Switzerland's last pure private banks, on charges that it enabled wealthy Americans to evade taxes, according to two persons with knowledge of the case."
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