UBS AG announced Wednesday that its chairman will not stand for reelection. The Swiss banking giant has instead nominated a former Swiss finance minister for the position.Peter Kurer, chairman of the board of directors at UBS, has decided not to stand for re-election at its annual general meeting on April 15, it said. The board […]
Grübel succeeds Rohner
Deal could result in the U.S. Department of Justice if the Swiss bank meets all its obligations
Swiss bank plans more job cuts
J.P. Morgan has completed its acquisitions of UBS Commodities Canada Ltd. and UBS AG’s global agricultural business, the Wall Street investment bank announced Monday.UBS Commodities Canada Ltd., which is based in Calgary, is now known as J.P. Morgan Commodities Canada Corp. The firm said that the acquisition expands its global commodities business into the Canadian […]
Rating agency cites concerns about profitability in market uncertainty
American International Group has found a buyer for another of its business lines, UBS Investment Bank is set to buy the commodity index business from AIG’s Financial Products Corp. division.The equities business of UBS Investment Bank announced Monday that it has entered into a binding agreement to purchase the commodity index business of AIG Financial […]
J.P. Morgan to acquire Canadian energy business from UBS
UBS AG announced that it will adopt a new compensation model for its top executives and directors in 2009, designed to better align incentives with long-term shareholder value.The firm said that the new compensation model will be focused on the long-term and more closely aligned with the value creation of the firm. Additionally, it said […]
Weil stepping down following tax evasion charge