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Big shake-up at big brokerage branches in New York
Wells Fargo Advisors, UBS, MSSB and Merrill Lynch made personnel changes this week
UBS boss defends bonuses, plan to absolve former execs
"We are a different bank from a year ago," insisted chief executive Oswald Gruebel
UBS exec: Adviser morale helped sparked earnings turnaround
In the first quarter of 2009, UBS lost nearly $2 billion. In the first quarter of 2010, UBS earned $2 billion. CFO John Cryan says improving adviser morale helped spark the turnaround.
Jailed UBS whistle-blower seeks clemency
An imprisoned ex-Swiss banker credited with exposing widespread tax evasion at Swiss bank UBS AG is seeking clemency from President Barack Obama, his attorneys said Wednesday.
UBS posts largest quarterly profit in almost 3 years, as client outflows slow
With asset withdrawals waning, the Swiss bank booked its largest quarterly profit in almost three years
UBS clients win first round in battle with tax authorities
Switzerland cannot hand over files on 26 suspected tax cheats to U.S. authorities because their failure to properly declare assets doesn't constitute fraud under Swiss law, a top court has ruled.
UBS back in the black, but wealth management still off track
Swiss bank UBS AG posted a fourth-quarter profit of 1.205 billion Swiss francs ($1.12 billion) Tuesday, beating analysts' expectations partly thanks to a tax credit, but said rich clients' withdrawals had continued.
UBS, Credit Suisse regulators cuckoo for CoCo bonds
The Swiss government is looking for financing instruments to bolster the banks' capital in case of an emergency. It's also eyeing ways to split the banks up
McCann’s move: UBS chief picks former Merrill vet to lead adviser group
Robert McCann, CEO of UBS AG's Wealth Management Americas, announced several appointments to his “Renewal” team Tuesday — including Bob Mulholland, a 25-year Merrill veteran, who will replace Jamie Price as head of UBS' adviser group.
U.S. judge declares Swiss banker, lawyer fugitives
A federal judge in Florida has declared a banker and lawyer from Switzerland who were indicted on fraud charges as fugitives from justice.
UBS chief picks former Merrill vet to lead adviser group
Robert McCann, chief executive of UBS AG's Wealth Management Americas, last week announced that he is moving several members of his executive team into critical positions.
UBS Global Asset Management seeking a No. 2
UBS Global Asset Management is looking for a No. 2 executive to help oversee the division, a new position that will report to John Fraser, chairman and CEO, according to people familiar with the situation, who declined to be identified.
UBS whistleblower files complaint against prosecutors
The key informant in the tax evasion case against Swiss bank UBS AG claims prosecutors made false statements to a judge who sentenced him to prison.
No free lunch (tray) at UBS: Firm puts new cafeteria policy in place
Whether it’s a move to be leaner or greener — or both — UBS employees at its Park…
UBS’ topped-up recruiting package lags plans at MSSB, Merrill Lynch
UBS Wealth Management Americas is beefing up its recruiting package in the chase for elite financial advisers, but the deal falls short of those recently offered by two top rivals.
McCann rolls out enhanced pay plan at UBS
Robert McCann is rewarding the veteran brokers who have stayed with UBS Financial Services Inc. through the past two years.
McCann vows to turn around UBS Wealth’s business, culture
Robert McCann, the new chief executive of UBS Wealth Management Americas, took aim at the culture of the firm last week but praised its network of 7,300 financial advisers.
Bob McCann lures four Merrill Lynch vets to UBS, carves out wealth management ‘renewal team’
Just a few weeks after officially joining UBS AG as the head of its U.S. wealth management business, Bob McCann has snared four veterans from his former firm, Merrill Lynch & Co. Inc., and established a new “renewal team” for reviving UBS's financial advisory business here.
Fla. judge won’t delay prison for UBS informant
A federal judge refused Monday to postpone prison or consider a lighter sentence for a former Swiss banker-turned-informant who helped launch a massive U.S. tax evasion investigation into banking giant UBS AG.
UBS client sentenced to 5 years probation
A New Jersey client of the international banking giant UBS has been sentenced to 5 years probation after pleading guilty to concealing more than $6 million in assets in Swiss bank accounts.
