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
Swiss banking giant issues warning on fourth quarter
U.S. will suffer most
Swiss firm to exit commodities, downsize real estate and securitization and proprietary trading, among others
Bank to split investment bank unit from wealth management
UBS AG is the latest firm to reach a settlement over its sale of auction rate securities.The firm said it has reached a deal, in principle, with the New York state attorney general, the Massachusetts Securities Division, the US Securities and Exchange Commission, and other state regulatory agencies represented by North American Securities Administrators Association, […]
Investment bank losses offset by wealth-management gains
Central banks believe U.S. interest rates will fall: survey