After gold futures fell to a five week low, analysts told CNBC prices were set to remain depressed for the rest of the year.» Read More
Jürg Zeltner, CEO of UBS Wealth Management, says in the current investing environment, clients are not risk-on.
China's No. 2 e-commerce company priced its American Depositary Shares at $19.00 each, above the $16 to $18 per ADS indicated range, valuing the company at more than $25 billion, according to its underwriters. JD.com, which has forged a close partnership with Alibaba arch-rival Tencent Holdings Ltd, will raise $1.31 billion from the sale of 69 million ADS.
Mark Haefele, Global Head of Investments at UBS Wealth Management, discusses the outlook for markets as countries attempt to shift to economic-led growth from central bank stimulus.
*Credit Suisse will not hand over client data to U.S. WASHINGTON/ NEW YORK/ ZURICH, May 20- Credit Suisse saw little immediate impact on Tuesday after it became the largest bank in decades to plead guilty to a U.S. criminal charge and will pay more than $2.5 billion in penalties for helping Americans evade taxes.
While everyone is waiting for Alibaba to announce pricing terms, rival JD.com is set to go public this week.
WASHINGTON/ NEW YORK, May 20- U.S. prosecutors first raised the specter of a criminal plea by Credit Suisse Group AG more than two years after starting an investigation into whether the Swiss bank had helped wealthy Americans evade taxes.
India's stock markets have climbed 15 percent so far this year. Will Narendra Modi push them higher?
Despite declines, U.S. tech stocks are worth backing if you're careful about how you define U.S. tech.
Dollar bulls are betting U.S. data this week to show a rise in consumer prices, taking inflation closer to the Federal Reserve's 2 percent target.
Whether on Wall Street or Fleet Street, this is not a happy time for big banks.
According to the Journal report, the U.S. Securities and Exchange Commission sent the letters to Goldman Sachs Group Inc, Morgan Stanley, Citigroup Inc, Credit Suisse Group AG and UBS AG.
Some of the biggest retail brokerage companies are Charles Schwab Corp., TD Ameritrade Holding, Fidelity Investments' Fidelity Brokerage Services and E* Trade Financial Corp, which can get paid $100 million a year or more for selling their orders.
NEW YORK, May 6- A federal appeals court in New York rejected appeals by UBS AG shareholders seeking to hold the Swiss bank liable for their losses for having concealed its exposure to risky mortgage-backed securities and helping clients evade U.S. taxes.
European stocks closed lower on Tuesday, as continued violence in Ukraine and mixed earnings results made investors uneasy.
*Barclays blames fall partly on strategy changes. LONDON, May 6- Barclays Plc said a collapse in investment bank revenue had hit first-quarter profit and was still hurting income in April, throwing a spotlight on an overhaul of the flagging business due to be unveiled in two days by the British bank.
The bond market is giving the stock market angst.
Sergio Ermotti, CEO of UBS, says the Swiss lender will deliver its cost-cutting plan on time.
Swiss lender UBS posted better-than-expected first-quarter profit as CEO Sergio Ermotti pledged to pay a special dividend to investors.
Sergio Ermotti, CEO of UBS, says the company will not keep "excess capital" and will return it to shareholders.
WASHINGTON, May 5- Credit Suisse Group AG is in talks with the U.S. Justice Department to pay as much as $1.6 billion to resolve an investigation into the bank's role in helping Americans evade U.S. taxes, a person familiar with the matter said on Monday.