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UBS AG

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  • US STOCKS-Wall St pulls back from records; banks dip Wednesday, 12 Nov 2014 | 9:54 AM ET

    *BB&T to buy Susquehanna Bancshares for $2.5 bln. Financial companies lost ground after global regulators fined five major banks- including UBS AG, HSBC Holdings Plc and Citigroup Inc- $3.4 billion for failing to stop their traders from trying to manipulate the foreign exchange market. Citigroup shares dipped 0.5 percent to $53.56 while the S&P financial...

  • US STOCKS-Wall St to retreat from record highs at open Wednesday, 12 Nov 2014 | 9:05 AM ET

    *BB&T to buy Susquehanna Bancshares for $2.5 bln. Financial companies will be in focus after global regulators fined five major banks- including UBS AG, HSBC Holdings Plc and Citigroup Inc- $3.4 billion for failing to stop their traders from trying to manipulate the foreign exchange market. Citigroup shares dipped 0.6 percent to $53.49 before the opening bell.

  • Retail earnings, banks in focus on Wall Street Wednesday, 12 Nov 2014 | 8:52 AM ET

    Wall Street looked set for a lower open to trade on Wednesday, ahead of a final burst of earnings for the third quarter.

  • Early Movers: BZH, YHOO, AOL, SEAS, AGN, WMT & more Wednesday, 12 Nov 2014 | 8:27 AM ET
    Trader on the floor of the New York Stock Exchange.

    These are the stocks posting the largest moves before the bell: BZH, YHOO, AOL, SEAS, AGN, WMT & more.

  • Watchdogs impose $3.4B fines in bank forex probe Wednesday, 12 Nov 2014 | 5:05 AM ET
    People at a Chase bank branch in New York.

    Financial regulators on both sides of the Atlantic imposed multibillion-dollar fines on five global banks for rigging key foreign exchange markets.

  • US, Europe to announce bank currency settlement Wednesday, 12 Nov 2014 | 12:32 AM ET

    Regulators worked late to announce a multibillion-dollar settlement with five global banks to resolve charges of attempted currency manipulation.

  • US, UK close in on forex settlement with top banks Tuesday, 11 Nov 2014 | 3:26 PM ET
    A UBS bank branch in Zurich, Switzerland

    Regulators are poised to levy fines on big banks in a settlement after a year-long global probe into allegations of forex collusion.

  • More bank settlements coming in currency case Tuesday, 11 Nov 2014 | 8:39 AM ET

    The CFTC is planning to announce settlements against giant banks suspected of manipulating the foreign currency market. The NYT reports.

  • Want a top salary? Head up a UK or German bank Tuesday, 11 Nov 2014 | 2:55 AM ET
    Anshu Jain, co-CEO of Deutsche Bank, was Europe's best-paid banking executive in 2013

    Germany is home to Europe’s best-paid bank CEO, according to a ranking that shows little correlation between executive pay and shareholder returns.

  • Nov 6- Bank of America Corp tripled its third-quarter loss to $232 million as it faced additional legal costs related to global investigations into foreign exchange trading at major banks. Bank of America said it was in advanced discussions with U.S. banking regulators to resolve matters related to the business. JPMorgan Chase& Co, Citigroup Inc, HSBC Holdings...

  • WASHINGTON, Nov 4- U.S. prosecutors did not present enough hard evidence to link a former top UBS AG banker to subordinates' schemes to help wealthy Americans hide $20 billion in secret accounts from tax authorities, jurors from the trial told Reuters on Tuesday. A federal jury in South Florida on Monday took a little over one hour to acquit Raoul Weil, who headed the...

  • Offshore tax shelter stunner     Tuesday, 4 Nov 2014 | 4:27 PM ET

    Insight to the tax evasion trial where former top executive for Swiss bank UBS AG was acquitted, with the banker Raoul Weil's lawyer Aaron Marcu of Freshfields Bruckhaus.

  • UBS banker not guilty of tax evasion     Tuesday, 4 Nov 2014 | 4:25 PM ET

    CNBC's Eamon Javers reports a jury has acquitted a former top executive at Swiss bank UBS AG Raoul Weil on tax evasion charges.

  • FORT LAUDERDALE, Fla., Nov 3- A former top banker who headed global wealth management at UBS AG was found not guilty on Monday on U.S. charges of conspiring with wealthy Americans to hide $20 billion in secret offshore accounts. Raoul Weil, the highest-ranking Swiss banker to stand trial in the United States, was accused in South Florida federal court of conspiracy...

  • FORT LAUDERDALE, Fla., Nov 3- A former top banker who headed global wealth management at UBS AG was found not guilty on Monday in South Florida federal court of conspiracy to defraud the IRS. Raoul Weil, 54, is the highest-ranking Swiss banker to stand trial in the United States and was accused by prosecutors of conspiring to help wealthy U.S. tax cheats hide $20...

  • Nov 3- An investor who alleges he lost more than $400,000 in Puerto Rico closed-end bond funds sold by a UBS AG unit has sued Puerto Rico's financial regulator, challenging the transparency of its $5.2 million settlement with the firm. Manuel Martínez-Umpierre, a client of UBS Financial Services Inc of Puerto Rico, asked a local court on Friday to order the...

  • HSBC sets aside $378M for forex investigation Monday, 3 Nov 2014 | 4:22 AM ET

    HSBC confirmed it had set aside $378m for fines relating to suspected manipulation of foreign exchange markets, amid ongoing talks with U.K. regulators.

  • NEW YORK, Oct 31- A divided U.S. appeals court rejected UBS AG's bid to force Nasdaq OMX Group Inc to arbitrate a dispute over the exchange operator's alleged "catastrophic mismanagement" of Facebook Inc's $16 billion initial public offering. The 2nd U.S. Circuit Court of Appeals in New York on Friday said UBS' agreement with Nasdaq to help make a market for Facebook...

  • HSBC to set aside $640M for forex probe Friday, 31 Oct 2014 | 10:46 AM ET

    HSBC is expected to set aside about $640 million to cover the cost of an investigation into suspected manipulation of FX markets. The FT reports.

  • JAKARTA, Oct 31- Indonesia's mining-to-telecoms conglomerate Bakrie Group will negotiate with creditors to restructure part of its $8 billion in debt rather than sell major assets, people familiar with its strategy say. Some creditors sued one Bakrie company in New York while a Jakarta supplier has asked an Indonesian court to supervise a debt...