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UBS AG

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  • US STOCKS-Wall St little changed near record; banks slip Wednesday, 12 Nov 2014 | 12:30 PM 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, which will pay $1.02 billion to settle the probe, dipped 0.8...

  • Europe shares sink; banks suffer; DAX down 1.8% Wednesday, 12 Nov 2014 | 11:58 AM ET

    European shares closed lower on Wednesday, with investors shunning banking stocks after regulators announced penalties.

  • US STOCKS-Wall St slips from latest record; banks fall Wednesday, 12 Nov 2014 | 11:27 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, which will pay $1.02 billion to settle the probe, dipped 1.4...

  • Global regulators fined UBS AG, HSBC Holdings Plc, Royal Bank of Scotland, JPMorgan and Citigroup Inc $3.4 billion for failing to stop their traders from trying to manipulate the foreign exchange market. "The imposition of fines by the watchdog basically weighed on European bank stocks, and as a result the market is following suit here," said Peter Cardillo, chief...

  • 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.

  • 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.