Displaying 388 results
Free at last: Former Merrill brokerage chief McCann settles non-compete issue with BofA
Bob McCann, the former head of the brokerage operation at Merrill Lynch & Co., has reportedly resolved a suit he filed against Bank of America that will allow him to join another firm in the brokerage industry.
UBS chief says he’s had offers, but U.S. wealth business is not for sale
Despite recent speculation that UBS's wealth management business in the Americas is on the block, the Zurich-based bank's CEO today told the firm's financial advisers here today that the business is not for sale, according to a report from Dow Jones.
Morgan Stanley Smith Barney vet bolts for UBS
Brokers are on the move again. Christopher Miller, a former executive vice president and Southwest regional director…
UBS client pleads guilty to hiding $6.1M in secret account
A New Jersey man pleaded guilty on Friday to hiding a secret Swiss bank account with UBS AG from U.S. tax authorities, according to The Wall Street Journal.
Morgan Stanley Smith Barney vet bolts for UBS; $100M Wells team jets
Christopher Miller, a former executive vice president and Southwest regional director at Morgan Stanley Smith Barney in Houston, has moved on to UBS Financial Services Inc. and joined its Houston office as complex director.
Report: UBS will eliminate 150 ‘rookie’ advisers
UBS Financial Services Inc. will shed more than 150 rookie advisers from its U.S. brokerage force, according to a report from Dow Jones.
Finra fines Citigroup, UBS and Deutsche over bad IPO info
An independent securities industry regulator on Tuesday announced fines totaling $425,000 against three Wall Street firms over supervisors’…
McCann will ask judge to squash BofA non-compete clause
Alleging he was treated with “vengeful conduct intended to both punish and humiliate” him, former Merrill Lynch & Co. Inc. brokerage chief Robert McCann will today ask a New York state judge to require Bank of America Corp. to allow him seek employment elsewhere, according to a Bloomberg report.
The new kings of Wall Street
On Sept. 16, 1920, at precisely one minute after noon, Wall Street was literally shaken to its foundations when a massive bomb exploded outside J.P. Morgan's headquarters, killing dozens and injuring hundreds more.
Report: McCann and BofA attempt to settle suit, setting up ex-Merrill exec’s move to UBS
Robert McCann, the former head of the brokerage unit at Merrill Lynch & Co., is inching closer to joining UBS AG as the head of the firm's wealth management business in the Americas, according to Bloomberg.
Offshore banking on endangered list
Legitimate offshore banking by wealthy Americans may be the next casualty of the UBS AG tax evasion case.
Ex-UBS banker gets more than three years in prison for aiding U.S. tax evaders
A former banker with Switzerland's UBS AG, who turned key government informant in an international tax evasion probe, will spend time in federal prison.
Swiss banker, lawyer face U.S. tax charges in probe
A Swiss banker and a lawyer are the latest to face U.S. criminal charges in a wide-ranging international tax evasion investigation.
Swiss government nets $1.1B profit from UBS stake sale
The Swiss government said today it made a profit of 1.2 billion Swiss francs ($1.1 billion) from the sale of its stake in UBS AG, a day after concluding a deal that appears to end the bank's yearlong tax-evasion battle in the United States.
IRS on UBS tax evasion settlement: We’ve only just begun
While Swiss banking giant UBS AG has agreed to release information on 4,450 client accounts to settle a contentious lawsuit with the Internal Revenue Service that centered on alleged offshore tax evasion by the bank's clients, the IRS said that it may eye other banks for similar activities.
UBS settles tax evasion case; will it now name names?
The U.S. and Swiss governments have reached an out-of-court settlement in the tax evasion case involving the Internal Revenue Service's request that UBS AG turn over the identities of 52,000 Americans who have accounts with the bank that may have been used to avoid paying U.S. taxes.
UBS tax case settlement due before U.S. judge
A federal judge in Miami is due to learn if a settlement has been finalized in the high-stakes attempt by the U.S. government to obtain names of suspected tax evaders with secret accounts at Swiss bank UBS AG.
UBS retail-products executive takes leave
Michael Weisberg, the head of products and services for UBS AG's U.S. and Canadian wealth management businesses, has taken an indefinite leave of absence, a UBS spokeswoman confirmed.
Merrill brokers: Sontag’s sayonara stings
Dan Sontag's departure from Merrill Lynch isn't sitting well with some of the firm's brokers.
UBS posts seventh quarterly loss in two years
Hard-hit Swiss bank UBS AG reported another quarterly loss today while France's BNP Paribas posted a 6.6 percent increase in net profit.
