Search Results for: UBS
KPMG UK announces 2.6% growth in revenues to £1.96bn
December 18th, 2015
The firm invested almost £200m in acquisitions, property and staff training Tax and audit were the firm’s highest earning services The firm, its partners and employees paid £786m in taxes KPMG, the professional services firm providing audit, tax and ...
Wells Fargo to Nudge Brokers to Get Bigger Clients
December 18th, 2015
Change is bank’s latest push to compete for clients who have millions of dollars in assets Wells Fargo & Co. will push its brokers to work with bigger clients as part of a broader strategy to attract wealthier investors. The ...
Gold battered by dollar strength after Federal Reserve’s interest-rate hike
December 17th, 2015
Commerzbank analysts say precious metal could see recovery in 2016 Losses for gold futures were building on Thursday, as the metal succumbed to some dollar strength in the wake of the first interest-rate increase by the U.S. Federal Reserve ...
Foreign exchange manipulation: FINMA issues six industry bans
December 17th, 2015
The Swiss Financial Market Supervisory Authority FINMA has issued industry bans of between one and five years against six managers and traders formally employed in the UBS foreign exchange and precious metals business. FINMA concluded that the individuals in ...
Saudi Arabia Spends Billions to Get Asia Hooked on Its Crude Oil
December 17th, 2015
At the heart of Korea’s Onsan Refinery lies a street called “A.I. Naimi Road,” an homage to Saudi Arabia’s oil minister. The reason: state-owned Saudi Arabian Oil Co. holds a 65 percent stake in the complex. Taking a controlling ...
Barclays to Sell Former Lehman Bond Benchmarks to Bloomberg
December 17th, 2015
Bank makes $721 million gain selling analytics, index business Sale comes as new CEO Jes Staley speeds up non-core disposals Barclays Plc agreed to sell the indexing business built around former Lehman Brothers benchmarks to Bloomberg LP for about ...
World GDP is Falling–If Measured at Market Exchange Rates
December 16th, 2015
IMF statistics show that world GDP fell 4.9% from 2014 to 2015 which is almost as severe a drop as occurred from 2008-2009. Check out the bottom rows of Table A1 in the October 2015 issue of the World Economic ...
Bank of Tokyo-Mitsubishi UFJ goes live on FXSpotStream as the 12th Liquidity Provider
December 16th, 2015
Volumes on the Service increases 25% through November FXSpotStream LLC, a wholly owned subsidiary of LiquidityMatch LLC, today announced that Bank of Tokyo-Mitsubishi UFJ is now live as a liquidity providing bank to FXSpotStream’s price aggregation service and client ...
Global Payments to acquire Heartland Payment Systems for $4.3 Billion
December 16th, 2015
Combines two of the fastest organic revenue growth businesses in the payments industry Creates the leading global provider of integrated payments technology solutions Accelerates revenue growth, operating margin expansion and cash earnings per share growth Global Payments Inc. (NYSE: ...
Transactional lawyers in demand in top European locations
December 16th, 2015
As work in transactional practice picks up across Europe, Australian banking, finance and corporate lawyers are in demand, according to a legal recruiter. While recruitment of Australian lawyers in Europe is usually limited, those with banking, finance or corporate ...
