Search Results for: UBS AG
Chinese stocks rally on rumored mortgage tax break
December 2nd, 2015
Chinese markets rallied Wednesday afternoon on speculation of an upcoming incentive to be announced by Beijing to boost the country’s lagging property market. Elsewhere, other Asian equities ended lower on Wednesday as sentiment remained shaky in the region, with ...
South Korea Fines Volkswagen and Orders Recall Over Emissions Scandal
November 26th, 2015
South Korea on Thursday ordered Volkswagen to recall more than 125,000 cars here, saying a government investigation had found that the German carmaker had illegally manipulated an emissions device in cars with older diesel engines. The Environment Ministry began ...
CS is first of post-2007 ventures to win China brokerage approval
November 26th, 2015
CS is first of post-2007 ventures to win approval China gradually loosens rules for foreign players Licence limited to Qianhai area (Recasts, adds context on China reforms) Credit Suisse Group AG said on Thursday its investment banking joint venture in ...
Saxo Bank signed partnership with JSC Galt & Taggart
November 25th, 2015
Saxo Bank, the multi-asset trading and investment specialist, today presents its new white label partnership with JSC Galt & Taggart, a wholly owned investment banking subsidiary of Bank of Georgia Holdings PLC listed on the main market of the ...
Head of Hong Kong-based brokerage Guotai is missing
November 24th, 2015
Head of Hong Kong-based brokerage Guotai Junan International ‘missing’ in case linked to probe of CSRC vice-chairman Shares hammered, closing down more than 12 per cent, after company says it has been unable to contact chairman since Wednesday The ...
Monex Group: Notice regarding accrual of reserves based on its subsidiary’s decision
November 20th, 2015
Showing progress in fixed-type cost reduction plan Monex Group, Inc. announces that Monex, Inc., its wholly owned subsidiary, has decided to terminate an outsourcing contract regarding data system operation for the purpose of replacing its backbone brokerage system. It ...
Credit Suisse Brokers Decamp for UBS
November 20th, 2015
Most recent move sees UBS hire Los Angeles team of four advisers who oversaw $1.8 billion UBS Group AG is proving to be an attractive destination for Credit Suisse Group AG’s U.S. brokers. In recent weeks, 16 Credit Suisse brokers managing ...
Greek banks: Recap offers are oversubscribed
November 19th, 2015
Greece: Banks National and Alpha are likely to announce the successful completion of their share capital increases on Thursday, following Eurobank’s announcement on Wednesday to the same effect, while Piraeus is keeping its book of offers open. It is ...
Bitcoin has no future, says UBS chairman Axel Weber at Bank of England’s Open Forum
November 13th, 2015
The chairman of investment bank UBS, Axel Weber, has played down the potential of crypto-currencies such as Bitcoin. During a discussion at the Bank of England’s Open Forum, he said private currencies will fail to take off “because there ...
‘Brexit’ Wouldn’t Be Disaster for U.K., Says UBS Chairman
November 11th, 2015
Axel Weber said Britain would probably get a good deal if it voted to leave The chairman of one of Europe’s biggest banks said Tuesday that if the U.K. decided to leave the European Union it probably wouldn’t deal ...
