UBS
Whistle-Blowing Ex-UBS Broker Sues Former Teammates for Defamation
Craig Price, whose lawsuit against his former firm over wrongful termination is pending, says his junior partners are scandalizing his name with former clients.
UBS Pares Lucrative Payout Level for Trainees
Rookies as of June 1 will retain 35% of the fees and commissions collected from customers while in the four-year training program, down from 45% currently.
Lifetime UBS Broker Sues Firm Over Nickel-and-Diming
Class-action suit alleges that company’s deduction of travel, parking and other business expenses from advisors’ pay and exempting them from overtime compensation violates California law.
Former UBS Broker with Celebrity Client Ordered to Repay His “Loan”
Virginia advisor barred in December for failing to disclose outside business activities loses promissory-note arbitration case.
UBS Embraces Machines in Quest to Boost Corporate Bond Trading
UBS Group AG is ready to jump on the electronic-trading bandwagon to help boost its U.S. corporate-debt trading business.
UBS Manager in San Diego Flits to Wells, Returns a Week Later
Justin Steers, who jumped earlier this month after 22 years with UBS, appears to have been welcomed back with open arms.
Stifel Hires Longtime UBS Manager in the Southwest
James Van Steenhuyse joins St. Louis-based firm in Phoenix after three decades at UBS and predecessor firms.
UBS Removes Count of Recruited Brokers from Annual Report
After seven years of disclosing broker hiring data, the Swiss bank omits data as it slashes recruiting and tries to combat attrition.
UBS Boosts Compensation for CEO and Staff After Profit Rises
UBS Group AG boosted Chief Executive Officer Sergio Ermotti’s pay and increased the bank’s bonus pool by about 6 percent after underlying profit rose.
UBS Broker in Charlotte Joins Ameriprise, Shakes Off TRO Request
Richard Bean, a “rising UBS talent” managing around $77 million of assets, prevails against bank’s attempt to restrict his contacting former clients at new firm.
UBS Withdraws Bonus Handcuffs—Until Next Year
Retracts plan to impose non-solicit penalties on brokers who take their 2017 bonuses and leave, and promises to void the penalty that will be restored in 2018 if it adopts a salary-and-bonus plan or reduces conventional grid payout by 5%.