UBS
UBS Eliminates Practice Management Consulting Unit in U.S.
In an apparent cost-cutting move, the Swiss banking giant has eliminated a longstanding group that coached financial advisors on growing assets and teaming.
UBS Says First Quarter `One of the Worst’ in Recent History
UBS Group AG Chief Executive Officer Sergio Ermotti gave the most decisive verdict yet on the difficult markets faced by Europe’s investment banks, describing conditions as the toughest in years.
UBS Woos Cash with Sky-high 3% One-Year CD
Teaser rate in short-term offer was promoted in mass mailings to customers, irritating some brokers who weren’t given chance to opt their clients out of the offer.
UBS Loses L.A. Manager to First Republic, Merrill Texas Team Joins JPMorgan
Century City manager who spent her career with UBS will manage southern California region for expanding San Francisco bank, while veterans from Merrill and Credit Suisse move to J.P. Morgan in Dallas.
College Scandal Mastermind Says He Worked with Wealth Firms
Rick Singer’s admissions coaching website says Morgan Stanley, UBS, Opco and Pimco offered his services to clients and executives.
Former UBS Broker Wins Reduction in Note Balance Owed
Chicago-area broker who owed more than $505,000 on four promissory notes gets bill reduced by almost one-third after his lawyer argued that UBS system for collecting the debt violated Illinois wage laws.
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UBS Loses California Team to Morgan Stanley, Gains Indiana Brokers from Merrill
In another wirehouse-to-wirehouse rondo, UBS hires husband-wife team in Indianapolis from Merrill weeks after losing big producers in California to Morgan Stanley.
UBS Ratchets Up Pursuit of Rich Americans With Staff Promotions
UBS Group AG promoted 96 employees to the level of managing director in the Americas as it seeks to gain more rich clients and expand in the region.
Sirianni: Wirehouse RIAs: The beginning of the end, or a new beginning?
Everyone is asking: Can a Wirehouse RIA work?
UBS Gets Warning, Temporary Nod to Run U.S. Pension Money
The U.S. Labor Department is granting UBS Group AG permission to continue managing U.S. pensions unhindered for one year despite a new criminal conviction in France, while cautioning the Swiss banking giant that a future conviction anywhere in the world could jeopardize that status.