Search Results for: UBS
UBS Inc. fined by SIX Swiss Exchange Sanctions Commission
April 20th, 2017
On 22 March 2016 the SIX Swiss Exchange Court of Arbitration partially confirmed the decision handed down on 16 March 2015 by the SIX Swiss Exchange Sanctions Commission regarding UBS Inc. The Federal Supreme Court did not occur the ...
Deutsche Bank and its UK subsidiary to pay $775 million penalty
March 29th, 2017
DB Group Services (UK) Limited (DBGS), a wholly owned subsidiary of Deutsche Bank AG (Deutsche Bank), was sentenced today for its role in manipulating London Interbank Offered Rates (LIBOR) for U.S. Dollar and several other currencies. LIBOR is a ...
UBS to face trial in France over tax fraud charges
March 21st, 2017
Swiss banking giant UBS will go on trial in France for establishing a wide-ranging tax fraud scheme worth billions of euros, according to legal sources. UBS will be charged with illegal banking practices and dissimulating tax fraud, the sources ...
CFPB Orders Citi Subsidiaries to Pay $28.8 Million
January 24th, 2017
CFPB Orders Citi Subsidiaries to Pay $28.8 Million for Giving the Runaround to Borrowers Trying to Save Their Homes Mortgage Servicers Kept Borrowers in the Dark About Options, Demanded Excessive Paperwork The Consumer Financial Protection Bureau (CFPB) today took ...
Oil market may balance this quarter: UBS report
January 24th, 2017
The oil market looks set to rebalance earlier than expected as OPEC members cut production, according to a report from UBS. OPEC oil output has reduced significantly since the production-cut agreement made in November. Saudi Arabia has reportedly cut ...
Saxo Bank announces agreement to sell subsidiary
December 19th, 2016
Saxo Bank A/S today announces that it has agreed to sell its Uruguayan subsidiary, Saxo Capital Markets Agente de Valores, to DIF Broker, a long term White Label of Saxo Bank. The transaction, having been approved by the relevant ...
Plus500: FCA’s topics will have a material operational and financial impact on the UK regulated subsidiary
December 6th, 2016
Plus500, a leading online service provider for retail customers to trade CFDs internationally, notes the movement in its share price following the publication on 6 December 2016 by the Financial Conduct Authority (“FCA”) of a note regarding enhancing the ...
New UBS equity index ETF on S&P 500 with currency hedge launched on Xetra
November 8th, 2016
ETF provides access to 500 largest US companies A new UBS Global Asset Management equity index ETF on S&P 500 has been tradable via Xetra and Börse Frankfurt since Tuesday. ETF name: UBS (Irl) ETF plc – S&P 500 ...
UBS to cut several dozen wealth management jobs: sources
November 2nd, 2016
UBS will cut several dozen jobs at part of its private bank, three sources familiar with the matter told Reuters, part of a previously announced organizational restructure. The Swiss bank told staff in May it was rejigging its flagship ...
UBS Uses Arago’s Artificial Intelligence Platform HIRO™ to Leverage the Potential of IT Automation
October 20th, 2016
Arago, a pioneer in artificial intelligence (AI) and leader in intelligent IT automation based in Frankfurt and New York City, announced today to partner with UBS AG (“UBS”), the world’s largest wealth manager providing financial advice and solutions to wealthy, ...
