Search Results for: UBS AG
UBS reveals its interest in Sidechains as well as Ethereum
September 15th, 2015
There is an air of confidence about UBS at this time concerning the bank’s exploration of distributed ledger technology and smart contracts. Recently, UBS demonstrated how a bond could be automated on a blockchain, the shared ledger system similar ...
Big Banks Agree to Settle Swaps Lawsuit
September 14th, 2015
Dozen banks, Markit and International Swaps and Derivatives Association to pay combined $1.87 billion Wall Street’s biggest banks have agreed to a tentative settlement over allegations that they conspired to rig the market for credit derivatives. Twelve banks and ...
SEC Announces Fraud Charges Against Financial Adviser
September 10th, 2015
SEC Announces Fraud Charges Against Financial Adviser Accused of Greatly Exaggerating Assets Under Management and Investment Returns on Paid Radio Program The Securities and Exchange Commission announced fraud charges against a Maryland-based financial services firm and its founder/CEO accused ...
UBS Building Virtual Coin For Mainstream Banking
September 7th, 2015
Swiss bank UBS is working on a prototype virtual currency that it hopes will be used by banks and financial institutions as a basis to settle mainstream financial markets transactions. But unlike the bitcoin digital currency, the Swiss bank’s ...
UBS Diverts $5 Billion of Asia Deposits to Curb Basel III Costs
September 4th, 2015
UBS Group AG has shifted more than $5 billion of riskier Asia-Pacific deposits into alternative cash investments as new rules raise the cost of holding them. The world’s largest manager of millionaires’ money has helped some clients such as ...
UBS Unit to Pay More Than $2.9 Million to Investors in Puerto Rico
September 2nd, 2015
Bank’s wealth-management unit ordered to pay two investors for losses tied to island’s municipal bonds UBS AG’s wealth-management unit was ordered to pay more than $2.9 million to two investors in Puerto Rico for losses tied to funds holding ...
UBS to pay $1.7 mln settlement over sanctions case – U.S. Treasury
August 28th, 2015
The U.S. Treasury on Thursday said it had reached an agreement with UBS for the Swiss bank to pay a $1.7 million settlement for “apparent violations” to U.S. sanctions. The Treasury’s Office of Foreign Assets Control (OFAC) said in ...
Stock Markets update: UBS launches on Xetra & HSBC uses EurexOTC clear
August 28th, 2015
New UBS equity index ETF launched on Xetra ETF provides first-time access to Japanese companies focussed on sustainability A new equity index ETF issued by UBS ETF Sicav has been tradable on Xetra and Börse Frankfurt since Thursday. ETF ...
Deloitte, Libra, Accenture: The work of auditors in the age of Bitcoin 2.0 technology
August 20th, 2015
Back in the late 1990s the cryptographer Nick Szabo predicted the paper-era techniques of auditing and accounting would be dramatically augmented by, and eventually integrated into, smart contracts. The last year or two has seen lots of opinion about ...
China, the Hollow Dragon
August 17th, 2015
In terms of profitability and trade-generated wealth, China is a hollow dragon. It is widely assumed that manufacturing (a.k.a. the world’s workshop) is the source of China’s wealth. But how can this be true, given that manufacturing profit margins ...
