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UBS AG

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  • 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.

  • UBS Report Blames Lax Controls for Credit Losses Monday, 21 Apr 2008 | 3:55 AM ET

    Poor risk control and a narrow focus on revenue growth at UBS's investment bank helped cause huge credit losses, UBS said on Monday, as it prepares to meet restive shareholders this week.

  • Earnings Not Much Help For Markets Thursday, 17 Apr 2008 | 9:13 AM ET

    Mixed reports on earnings this morning; IBM is a help, but Pfizer, Continental Airlines, Marriottspacer and Nokia are not. Merrill Lynch recorded another $9 b in write-downs on mortgage-related assets, leveraged loans and hedges.

  • JPMorgan to Sell $6 Billion in Preferred Shares: IFR Thursday, 17 Apr 2008 | 3:31 AM ET

    JPMorgan Chase is to sell $6 billion in non-cumulative perpetual preferred shares, according to a report in International Financing Review, a Thomson publication.

  • Stocks Rally to the End; Intel Powers Techs Wednesday, 16 Apr 2008 | 4:53 PM ET

    Stocks finished at their highs for the day Wednesday as investors cheered the latest round of earnings, which included Intel and JPMorgan.

  • Stocks Rebound After 'Beige' Mood Swing Wednesday, 16 Apr 2008 | 3:08 PM ET

    Stocks rose sharply Wednesday as investors cheered the latest round of earnings, which included Intel and JPMorgan Chase.

  • UBS Cuts Shareholder Payout in Stock Dividend Wednesday, 16 Apr 2008 | 1:50 PM ET

    Battered bank UBS cut its dividend by a third, based on current stock prices, as it moved to a stock dividend from cash to shore up its equity base.

  • Market Cheers Earnings; Intel Buoys Nasdaq Wednesday, 16 Apr 2008 | 12:59 PM ET

    Stocks rose sharply Wednesday as investors cheered the latest round of earnings, which included Intel and JPMorgan Chase.

  • Intel Boosts Nasdaq; Earnings Lift Mood Wednesday, 16 Apr 2008 | 10:49 AM ET

    U.S. stock index futures were higher on optimism triggered by Intel's positive outlook, with the tech-heavy Nasdaq showing strong gains, and two major banks posted results that were better than expected, casting some hope that battered financials may be turning the corner.

  • JP Morgan Profit Falls 50% But Results Beat Estimates Wednesday, 16 Apr 2008 | 8:24 AM ET

    JPMorgan Chase said quarterly profit fell by half, although shares rose as the third-largest bank avoided the kind of massive losses that crippled many of its rivals.

  • Banks See Light at the End...or a Train Tuesday, 15 Apr 2008 | 3:46 PM ET

    First, Goldman Sachs said it. Now Lehman Brothers is saying it: "The worst of the impact of the financial markets is behind us," said Richard Fuld, chief executive of Lehman Brothers, at the firm's annual shareholders meeting today. Is he right?

  • Regional Banks, Bucking Trend, Post Higher Results Tuesday, 15 Apr 2008 | 1:30 PM ET

    Several U.S. regional banks reported better-than-expected quarterly results Tuesday, and expressed confidence they could withstand soaring credit losses as the nation's housing market and economy slump.

  • At Citigroup, A Big Loss Is Only Part of The Story Thursday, 10 Apr 2008 | 3:12 PM ET
    Citigroup

    Citigroup  is expected to report another big quarterly loss on April 18, but the actual numbers may be almost secondary.

  • Goldman Discloses Auction-Rate Probe Wednesday, 9 Apr 2008 | 12:48 PM ET

    Goldman Sachs Group Wednesday disclosed that it has received requests for information from "various governmental agencies and self-regulatory organizations" relating to auction products and the recent failure of such auctions.

  • Market Holds Its Breath Ahead of Earnings Monday, 7 Apr 2008 | 4:03 PM ET

    Stocks finished flat Monday as traders opted to pull over and let some of the earnings traffic pass before deciding what to do next.

  • Bank Talk Boosts Stocks; Alcoa Skids Monday, 7 Apr 2008 | 11:23 AM ET

    Stocks advanced Monday, helped by financials, after some encouraging news that suggests banks may be getting their act together.