Ubs Ag News

Robert J. McCann , the former Merrill Lynch & Co. executive who joined UBS AG last month as the head of wealth management in the Americas, hired four former Merrill colleagues to help run the unit.

Berkshire Hathaway agreed to acquire Burlington Northern Santa Fe at 31% premium.

Wednesday, 4 November 2009, 8:33 am Article: Businesswire While you were sleeping: Buffett buys railroad, US factory orders rise, UBS loss Nov.

Swiss bank UBS AG has been fined 8 million pounds for management failures which allowed employees to make unauthorized trades with customers' accounts, Britain's financial regulator said Thursday.

The U.K.'s financial regulator said Thursday that it has fined UBS 8 million pounds after staff used customer accounts to make thousands of unauthorized trades over the course of nearly two years.

A Florida yacht broker is asking a judge for probation on a tax conviction because of his assistance in the U.S. investigation of secret accounts at Swiss bank UBS AG.

Tags: Unauthorized Trades , FSA , UBS , The Financial Services Authority today fined UBS AG eight million British pounds for systems and controls failures that enabled four employees to carry out unauthorized transactions involving customer money on at least 39 accounts.

Nov. 5 -- Michael Morris, an analyst with UBS AG, talks with Bloomberg's Carol Massar, Adam Johnson and Jon Erlichman about the outlook for CBS Corp.'s earnings.

Some cheering news on an otherwise tough day for UBS - the Swiss bank has bagged key roles for both Lloyds and RBS, as the two British banks agree to a massive shake-up that involves taking 31 billion pounds more of government money.

UBS AG , the Swiss bank that posted a fourth straight quarterly loss this week, ranks lowest among Europea s largest lenders in the estimation of industry analysts.

U.S. stocks fell, extending a global retreat, as a wider-than-estimated loss at UBS AG and an analyst downgrade of chipmakers overshadowed Warren Buffetta s purchase of Burlington Northern Santa Fe Corp.

UBS AG Tuesday reported a net loss for the third quarter due to three big charges and cautioned that heavy withdrawals from wealthy clients will persist in coming months following a dismal performance from its private bank.

The following stocks were among those that moved substantially or traded heavily Tuesday on the New York Stock Exchange: NYSE: Burlington Northern Santa Fe, up $20.93 at $97 Berkshire Hathaway Inc.

U.S. stock index futures fell on Tuesday as the deal by Warren Buffett's Berkshire Hathaway to buy railroad Burlington Northern failed to offset poor results from Swiss lender UBS and a shake-up at two big British banks.

Oil prices fell to near $77 a barrel Tuesday, affected by sagging equity markets and the dollar's gains on the euro.

World stock markets mostly fell Tuesday amid renewed concerns about the banking sector after Britain's Royal Bank of Scotland PLC got more government help and Switzerland's UBS AG booked another massive charge.

Swiss bank UBS has reported its fourth consecutive quarterly loss, but says it believes business is returning to normal.

Swiss bank UBS AG reports earnings for the third quarter on Tuesday. The following is a summary of key developments and analyst opinion related to the period.

Move over Switzerland. The tiny state of Delaware beats the Alpine country in a contest for the most secretive financial jurisdiction, a tax justice rights group said on Saturday.

BERN, Switzerland - UBS AG manager Mark Branson, who last year apologized for the bank's assistance to U.S. tax evaders, has been appointed to the board of Switzerland's financial services authority, the body said Tuesday.