UBS AG , Switzerland's biggest bank , said gains at its investment bank fueled an increase in second- quarter profit and announced plans to buy back the fund set up by the central bank in 2008 to help it shed toxic assets.
Why Canada's big banks smell profit in a U.S. invasion
Losing revenue from 12(b)-1 fees, the firm is asking its advisers to raise minimum fees to help make up for lost revenue.
Europe Markets Rise But Russia Remains In Focus
Europe Markets Rise But Russia Tensions Remain In Focus
UBS AG should consider splitting its investment bank from the wealth management and Swiss banking businesses, shareholder Knight Vinke Asset Management LLC said.
UBS AG , the Swiss lender shrinking its investment banking business, overtook Bank of America Corp. to top a ranking of the world's biggest wealth managers compiled by Scorpio Partnership.
Two UBS Asia Executives Depart
UBS AG , Switzerland's largest bank , agreed to pay $120 million to settle claims by investors in Lehman Brothers Holdings Inc. securities in a lawsuit tied to the investment bank's 2008 collapse.
Global High Income Fund Inc. – Announces Reduction of Contractual Advisory Fees