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UBS Americas hires in-house experts to spur life insurance sales
ReutersNEW YORK (Reuters) - After years of urging its financial advisers to sell more life insurance, UBS Wealth Management Americas is bringing in full-time experts and offering financial incentives to prod its tradition-bound sales force outside its comfort...Tags: Interior Policy, Banking, Pension and Welfare, Morgan Stanley Dean Witter & Company, Bank of America Corp.
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Swiss stocks lift European shares to fresh heights
Reuters* FTSEurofirst 300 closes up 0.7 pct at 1,245.66 points * Euro STOXX 50 rises 0.5 pct to 2,809.58 points * Fall in Swiss franc buoys Swiss stock market * Oil pricing probe hits energy companies' stocks By Sudip Kar-Gupta LONDON, May 15 (Reuters) -...Tags: Royal Dutch Shell Plc, Central Bank, Petroleum Industry, Foreign Exchange Market, Credit Ratings
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EUROPE RESEARCH ROUNDUP: Axa, Allianz, SIG, Vodafone, Smith & Nephew
ReutersMay 14 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Axa, Diploma and SIG, on Tuesday. HIGHLIGHTS * Insurance: Socgen starts Axa with buy * Construction: Jefferies raises target price...Tags: Weight, Ratings, Morgan Stanley Dean Witter & Company, Stock Market, Deutsche Telekom AG
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ON THE MOVE-Baird adds adviser teams from Morgan Stanley, UBS
ReutersMay 14 (Reuters) - Robert W. Baird & Co said on Tuesday it hired two teams of veteran financial advisers from top Wall Street brokerages Morgan Stanley Wealth Management and UBS Wealth Management Americas to expand Baird's adviser footprint in the...Tags: Wells Fargo & Co., Career and Workplace, Morgan Stanley Dean Witter & Company, Employment Opportunities, Personal Finance
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Swiss try Czechs, Belgian in major money laundering probe
Reuters* Coal company takeover a big Czech privatisation scandal * Swiss government freezes $700 million in case * Czech authorities slow to cooperate, but bring charges * Defendants say they are innocent By Martin de Sa'Pinto and Jan Lopatka BELLINZONA,...Tags: Prosecution, Company Privatization, Privatization, Finance, Political Corruption
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ON THE MOVE-UBS hires Merrill private wealth team in Florida
ReutersBy Ashley Lau May 13 (Reuters) - UBS AG's Wealth Management Americas said it has hired two veteran private wealth advisers and their team from Bank of America Corp's Merrill Lynch in Florida to join UBS's Fort Lauderdale office. The Parker-Harrigan...Tags: Aventura, Personal Income, Banking, Morgan Stanley Dean Witter & Company, Bank of America Corp.
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UBS names Palmer head of equity capital markets Americas
ReutersBy Olivia Oran May 10 (Reuters) - UBS has appointed James Palmer as its new head of equity capital markets for the Americas, according to an internal memo obtained by Reuters. Palmer, previously a managing director in the group, will report to head of...Tags: Norwegian Cruise Line, Thomson Corporation
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US seeks record prison for ex-UBS bankers over muni bid-rigging
Reuters* Former UBS commodities chief Ghavami, two others convicted * U.S. seeks minimum 19-1/2 years prison for Gary Heinz * U.S. in broad probe of $3.7 trillion municipal bond market By Jonathan Stempel May 9 (Reuters) - U.S. prosecutors are seeking record...Tags: Court Preliminary, General Electric Company, Banking, Judges, Prosecution
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ON THE MOVE-UBS Wealth adviser joins Morgan Stanley in Florida
ReutersBy Ashley Lau May 7 (Reuters) - A veteran broker from UBS AG's Wealth Management Americas division has moved to rival brokerage Morgan Stanley Wealth Management, joining the company's office in West Palm Beach, Florida. Robbie DeRooy, who has worked...Tags: Wells Fargo & Co., Palm Beach (Palm Beach, Florida), Bank of America Corp., Morgan Stanley Dean Witter & Company, Citigroup Incorporated
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Special Report: Subprime bond bounces back, leaving behind a subprime borrower
ReutersWOLFEBORO, New Hampshire (Reuters) - During the crazy days of the housing bubble in 2006, bankers created a bond called MABS 2006-FRE1. The instrument gave buyers the right to payments on the subprime housing loans of nearly 2,000 borrowers, including...Tags: Bankruptcy, John Paulson, Foreign Exchange Market, Fannie Mae, Central Bank
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WRAPUP 1-French banks battle economy with more cost cuts
Reuters* SocGen latest bank to announce cost-savings plan * Q1 results overall better than expected -analysts * Domestic loan-loss provisions rise at both banks * Investment banking, asset sales among bright spots (Adds analyst comments, share prices, Credit...Tags: Finance, BNP Paribas, Economy, Business and Finance, Swiss Confederation, Layoffs and Downsizing
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Swiss bank Frey eyes U.S. branch to head off tax probe - sources
Reuters* Frey's head of private banking faces U.S. tax charges * Bank's move could be template for others By Martin de Sa'Pinto ZURICH, May 6 (Reuters) - Switzerland's Bank Frey may seek to open in the United States and bring American customers onshore in...Tags: Swiss Confederation, Swiss Bank Corporation, Zurich (Swiss Confederation)
May 15, 2013
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