UBS will reimburse customers US$21.3 million and pay a US$2 million penalty for inappropriately steering customers into fee-based accounts
Rohner appointed group CEO, effective immediately
UBS has launched a major climate change research initiative, focusing on the implications for financial markets of reactions to climate change. In 12 coordinated research notes and four webcasts, UBS told its clients that no sector will be untouched by the climate change debate, but reactions will be felt differently. The research surmises, “Forget the […]
Unwinding of the carry trade is imminent, says UBS Global Asset Management
Maclean-Howard based in Toronto
US$115 deal will settle litigation related to equity derivative contract payments
Gains from the Julius Baer stake will be used to buy back shares in the coming months as part of UBS’s share repurchase program
Daehan Investment Trust is country’s largest asset management company
The move comes amid a trading loss of 150 million Swiss francs attributed to U.S. mortgage securities industry
However, UBS says that its Q1 performance also shows the strength of the wealth management business