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  • UBS Finances 75% of Sale of its Distressed Assets Wednesday, 21 May 2008 | 2:56 AM ET
    UBS

    UBS financed 75 percent of the funding used by U.S. asset manager Blackrock to buy a $15 billion portfolio of distressed U.S. real estate assets from UBS, the bank said on Wednesday.

  • US to Subpoena UBS for Wealthy Client Names: WSJ Thursday, 15 May 2008 | 4:57 AM ET

    U.S. prosecutors are expected to approach UBS with a subpoena for the names of rich American clients who may have used the Swiss bank's services to skirt income taxes, the Wall Street Journal said on Thursday, citing lawyers and others involved in the case.

  • Mad Mail: Back in the Saddle with Garmin? Wednesday, 14 May 2008 | 6:54 PM ET

    Not so fast, Cramer says. Plus his thoughts on American Superconductor, UBS and more.

  • For the week ending Friday, May 9, 2008, the U.S. Markets were negative for the week, with the Dow falling more than 200 points on Wednesday, making it the biggest point drop since 4/11/08. 

  • Stocks Bounce Back; Banks Skid Thursday, 8 May 2008 | 4:43 PM ET

    Stocks bounced back from the prior session's slide, led by techs and materials, as techs staged a rebound and materials benefited from higher metal prices. Better-than-expected retail sales also buoyed the market.  Financials declined after federal regulators proposed increased oversight of investment banks.

  • Europe Preview: Buying Into a Baer Market? Thursday, 8 May 2008 | 1:55 PM ET

    Two billion dollars was pulled out of UBS's wealth management division in the first quarter. It's difficult to say how much of the loss stemmed from the subprime crisis, but smaller banks in Switzerland have been picking up business from the troubled market leader.

  • US Credit Crisis Is Easing, Merrill CEO Thain Says Wednesday, 7 May 2008 | 9:55 AM ET

    The U.S. credit crisis is easing and the risk in housing is dramatically lower now, but economic growth will remain under pressure , the CEO of Merrill Lynch said.

  • Senior UBS Employee was Detained in US Tax Probe Wednesday, 7 May 2008 | 5:24 AM ET

    A senior UBS employee was briefly detained by U.S. authorities in April as part of an investigation into the bank's cross-border business, the Swiss bank said on Wednesday.

  • Optimism Fuels Stock Rally; Oil Tops $122 Tuesday, 6 May 2008 | 4:57 PM ET

    Stocks closed higher as optimism prevailed, even in the face of $122-a-barrel oil. Techs got a boost from speculation that a deal between Microsoft and Yahoo is still possible.

  • Energy, Tech Talk Fuel Market Rebound Tuesday, 6 May 2008 | 3:21 PM ET

    Stocks declined as oil surpassed $122 a barrel and Fannie Mae delivered disappointing results.

  • UBS To Cut 5,500 Jobs in Subprime Wake Tuesday, 6 May 2008 | 1:15 PM ET

    Swiss bank UBS will cut almost 7 percent of its workforce and said it has a preliminary deal with  BlackRock to sell a $15 billion portfolio of subprime mortgages.

  • Stocks Slide as Oil Tops $122; Fannie Rises Tuesday, 6 May 2008 | 11:48 AM ET

    Stocks declined as oil surpassed $122 a barrel and Fannie Mae delivered disappointing results.

  • Stocks Slide as Oil Tops $121; Fannie Drops Tuesday, 6 May 2008 | 11:02 AM ET

    Stocks opened lower Tuesday as oil again topped $121 a barrel and Fannie Mae posted a third straight quarterly loss.

  • UBS: If the Worst is Over, Where's the Visibility? Tuesday, 6 May 2008 | 6:43 AM ET

    When Warren Buffet treated his 31,000 plus audience to his annual Berkshire Hathaway gathering in Nebraska recently he was asked about the banks. When would he be happy to buy back into U.S. investment banks?

  • For the week ending Friday, May 9, 2008, the U.S. Markets were negative for the week, with the Dow falling more than 200 points on Wednesday, making it the biggest point drop since 4/11/08. 

  • UBS Seen Slashing Jobs with Big Quarterly Loss Friday, 2 May 2008 | 10:48 AM ET

    UBS shares rose over 5 percent on Friday on hopes the ailing Swiss bank will unveil job cuts next week to reverse breakneck expansion into investment banking which made it Europe's worst subprime victim.

  • Europe Preview: Big Names Roll Out Results Thursday Wednesday, 23 Apr 2008 | 12:25 PM ET
    Fiat's 2007 Nuova 500 car.

    Thursday will be a big day for European earnings, with heavyweights like Credit Suisse, Fiat and ABB set to hit the tape.

  • UBS to Slash Investment Bank after Crisis Wednesday, 23 Apr 2008 | 12:00 PM ET

    UBS signaled that it will cut its investment bank to a rump after lost bets in subprime mortgages landed the Swiss group with a $37 billion bill, making it the biggest casualty of the financial crisis.

  • Europe Preview: UBS, RBS on the Hotseat Tuesday, 22 Apr 2008 | 5:36 PM ET

    Europe's two biggest casualties from the subprime crisis tomorrow face shareholders who will want answers on how, between them, the two banking giants lost well over $50 billion.

  • Bank Of America Continues Monday Woes Monday, 21 Apr 2008 | 9:37 AM ET

    Monday has not been a great day for bank earnings. Last Monday it was Wachovia that disappointed, today futures dropped at 7 am ET as Bank of America came short of expectations.