Market Performance on November 13, 2024 The stock market today showed mixed results as investors digested recent economic data and corporate earnings reports. As of the close of trading on Wednesday, November 13, 2024,...
Swiss bank UBS AG (NYSE: UBS) today provided details on its plans to downsize its investment banking unit. The Zurich-based bank said that it reduce the investment banking unit’s assets by half, exit from...
The financial services company UBS (NYSE:UBS) in a statement said today that the interim chief executive officer for the Swiss Bank, Sergio P. Ermotti will be heading the institution on a permanent basis from...
Wells Fargo & Co. (NYSE: WFC) today settled a bid-rigging case with municipalities, which sued the bank over the way it conducted bond auctions. Wells Fargo would pay at least $37 million to the...
Rating agency Fitch, late on Thursday, cut UBS AG (NYSE: UBS) rating to A from A+. The rating agency also put seven other banks on negative credit watch. Fitch cited challenges in the global...
UBS AG (NYSE: UBS), Switzerland’s largest bank today said that it expects to post a modest profit in the third quarter despite taking a hit due to unauthorized trading from one of its employees....
Stock index futures are pointing to another down day for the U.S. equity market as investors remain concerned about the euro zone debt crisis. Investors are also expected to remain cautious ahead of Federal...
Stocks have edged higher in trading currently as investors continue to monitor the euro zone debt crisis. European policymakers are facing increasing pressure to find a concrete resolution the euro zone debt crisis. At...
UBS AG (NYSE: UBS) CEO, Oswald Gruebel, resigned on Saturday following the rouge trading scandal that led to a $2.3 billion at Switzerland’s largest bank. Gruebel, who previously worked at Credit Suisse (NYSE: CS),...
Kweku Adoboli, the UBS AG (NYSE: UBS) trader charged with conducting unauthorized trading that led to a $2.3 billion loss for the bank, will remain in custody until a court hearing next month. Adoboli...