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By Michael J. Moore, Bloomberg |
January 18, 2013
Morgan Stanley, the top global equity underwriter last year, reported profit that beat analysts’ estimates as brokerage earnings more than doubled and margins from that unit surpassed the firm’s goal for this year.
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By Lindsay Fortado, Phil Mattingly and Silla Brush, Bloomberg |
December 19, 2012
UBS AG will pay about $1.5 billion and two former traders face prison as the bank settled charges with U.S. and U.K. authorities for manipulating interest rates in a global conspiracy to boost profits and bonuses.
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By Lindsay Fortado, Gavin Finch and Liam Vaughan, Bloomberg |
December 19, 2012
UBS AG’s $1.5 billion fine for rigging global interest rates expands the scandal to include bribery and highlights the influence of a trader in Tokyo who colluded with other banks to align their submissions.
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By Sree Vidya Bhaktavatsalam, Bloomberg News |
December 4, 2012
Global banks, forced by regulators to reduce their dependence on profits from high-risk trading, have rediscovered the appeal of the mundane business of managing money for clients.
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By Maria Kolesnikova and Chanyaporn Chanjaroen, Bloomberg |
October 31, 2012
UBS AG plans to close its oil, base metals and agriculture trading desks as Switzerland’s biggest lender shrinks its investment bank.
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By Nicholas Comfort and Annette Weisbach, Bloomberg |
October 30, 2012
Deutsche Bank AG, Europe’s biggest bank, said third-quarter profit climbed after a rally in the bond and stock markets brought a surge in trading revenue. The shares jumped.
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By Ambereen Choudhury, Elisa Martinuzzi and Elena Logutenkova, Bloomberg |
August 22, 2012
European crisis continues to take tolls on all segments of business, especially banking.
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By Hugh Son, Bloomberg |
April 19, 2012
Bank of America Corp., the second- largest U.S. lender, said first-quarter profit rose amid a rebound in trading and better credit quality. The shares jumped in early trading.
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By News Story |
September 24, 2011
The $2.3 billion loss rocks leadership. Oswald Grübel quits. Regional head Sergio Ermotti is named group CEO on an interim basis.
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By Michael J. McFarlin |
March 1, 2011
New employees and promotions in the trading industry
