UBS
UBS Is Said to Weigh Asset Management Deals in Quest for Scale
UBS Group AG is weighing acquisitions and joint-ventures for its asset management business to help it compete with larger rivals, people with knowledge of the matter said.
UBS Ordered to Pay Client $693,000 in Another Puerto Rico Arbitration
The award includes a relatively rare order to firm from arbitrators to repurchase most of the bonds in the client’s account, on top of paying his capital losses.
Ermotti Buys $13.1 Million of UBS Shares After Investor Day
UBS Chief Executive Officer Sergio Ermotti bought $13.1 million of shares in Switzerland’s largest bank shortly after its investor day last week, the largest management purchase in years, in a show of confidence to owners of the stock.
Weekend Wirehouse Moves: Morgan Stanley Adds, Merrill and UBS Subtract
Morgan Stanley hired a 30-year veteran of UBS and PaineWebber in Roanoke, Va., while First Republic lures another million-dollar-plus Merrill Lynch team in Los Angeles.
UBS Bosses Lay Down New Profit Goals for U.S. Brokers
Company ratchets up profit margin and productivity goals and introduces new advisor desktop to help achieve them, but stands fast on restraining recruiting.
UBS’s Ermotti Seeks to Quell Investor Concern With Target Revamp
UBS Group AG Chief Executive Officer Sergio Ermotti took a bolder set of financial targets back to investors, pledging to drive wealth management profit higher and cut costs as he seeks to revive the shares.
Fired UBS Broker, a Hunting Show Host, Gets to Keep His Half-Million-Dollar Note Balance
Finra arbitrators reject UBS’s claim for $526,2218 from an Alabama broker, deny his expungement request.
UBS Sues Fired Broker Who Didn’t Pay Arbitration Award
Broker who has racked up 15 customer, regulatory and legal complaints over his 31-year career was found to owe $889,000 related to nine promissory notes.
UBS Gave Cars, Bonuses to French Bankers Who Lured Clients
UBS Group AG’s French unit offered an elite team of bankers fancy cars and big bonuses to attract wealthy local clients, often sparking tensions with the lender’s Swiss headquarters, according to a former executive on trial in Paris.
Big UBS Producer Eased Out Two Weeks Ago Lands at Stifel
Broker who was generating around $6 million in annual revenue reportedly stumbled over an unreported effort to help an associate buy a car.
Morgan Stanley Shakes the Recruiting Tree But Loses NYC Team
After a long hiring freeze, the wirehouse on Friday signed teams with combined production of $8.8 million in Ohio, California and New York even as it lost a $3 million group in New York City to J.P. Morgan.