Swiss bank UBS saw 15.4 percent growth in its wealth management business for 2013, firmly securing its position as world leader in the sector.» Read More
Any evidence of a resilient U.S. economy in this week's key scheduled data releases may erode gold prices, CNBC's weekly sentiment survey showed.
WASHINGTON, April 28- A top U.S. regulator on Monday sharply criticized her agency for failing to revoke certain regulatory privileges afforded to the Royal Bank of Scotland Group Plc following a criminal plea deal by one of its units over manipulation of the Libor benchmark interest rate.
NEW YORK, April 27- Criminal prosecutors from the U.S. Department of Justice have gone to London to interview individuals in connection with an investigation into traders' alleged rigging of foreign exchange rates, a person familiar with the matter said.
NEW YORK, April 27- Criminal prosecutors from the U.S. Department of Justice have gone to London to interview individuals in connection with an investigation into traders' alleged rigging of foreign exchange rates, in the DOJ's first major move since it announced the investigation in October, the Financial Times reported on Sunday.
The 2nd U.S. Circuit Court of Appeals in New York said shareholders presented a "plausible claim" that a 12 percent drop on June 28, 2012, in the price of their American depositary shares stemmed from misrepresentations by Barclays and several officials, including one-time Chief Executive Robert Diamond.
NEW YORK, April 24- Neovia Logistics LLC, a logistics services provider backed by industrial equipment conglomerate Caterpillar Inc, is exploring a sale that could value the company at more than $1 billion, according to people familiar with the matter.
China Resources' chairman allocated many of its investment banking deals over the past five years to institutions employing his alleged mistress.
The US dollar was weakened by falling equity prices, Treasury yields, and a slower-than-expected expansion in the US manufacturing sector.
There are surprisingly few signs that equity hedge funds have made big changes to their portfolios following losses.
The company raised about $163 million after its offering was priced at $25, below the expected price range of $26- $29 per share. Moelis, founded and led by veteran Wall Street investment banker Ken Moelis, offered 6.5 million shares of Class A common stock, lower than the 7.3 million it had initially planned.
*Goldman Sachs and Morgan Stanley lead underwriters for offering. April 15- Moelis& Co's initial public offering has been priced at $25 per share- below its expected range- a market source said, valuing the independent investment bank at about $1.29 billion.
Chi-Won Yoon, CEO, Asia Pacific at UBS, expects reforms in China's financial sector to continue and discusses the company's hiring practices in the mainland.
DETROIT, April 11- Detroit's plan to get out of bankruptcy cleared a major hurdle on Friday when a U.S. Bankruptcy Court judge approved the cash-strapped city's third attempt at settling costly interest-rate swap agreements with two investment banks.
A federal judge's approval of Detroit's settlement with two banks marks a turning point in the city's reorganization.
A U.S. Bankruptcy Court judge approved Detroit's third try at settling costly interest-rate swap agreements.
WASHINGTON, April 9- Detroit on Wednesday struck a deal with a core group of creditors that could ease concerns about the treatment of certain bonds in its landmark bankruptcy case and pave the way for compromises with other creditors.
WASHINGTON, April 9- The city of Detroit on Wednesday struck a deal with bond insurers over a key class of debt in its landmark bankruptcy case that significantly reduces bondholder losses and could pave the way for agreements with other creditors.
April 7- A unit of UBS AG must pay $5.4 million to a former broker who alleged the firm misled its advisers about the financial health of Lehman Brothers Holdings Inc while recommending they sell its structured notes to clients, a securities arbitration panel ruled.
WELLINGTON, April 7- New Zealand's Commerce Commission said on Monday that its recent investigation of banks in New Zealand was related to the possibility of foreign exchange rate manipulation.
The Justice Department is nearing the end of an investigation into the role Credit Suisse played in hiding American wealth offshore, the NYT reports.