Topic: Investment Services
UBS still losing U.S. wealth management clients, advisers
Reuters US Online Report Business News
NEW YORK (Reuters) - The embattled U.S. wealth management business of Swiss bank UBS AG <UBSN.VX> <UBS.N> continued to bleed client assets in the fourth quarter, hurt by fleeing advisers and negative publicity from a tax-fraud scandal. UBS Wealth Management Americas, mostly the U ...
UBS client outflows increase
Reuters US Online Report Business News
ZURICH (Reuters) - UBS <UBS.N> clients withdrew money at twice the expected rate in the fourth quarter, eclipsing the bank's first net profit since Oswald Gruebel took the helm a year ago and raising concern he will struggle to steady the ship. Gruebel, the banking veteran who ...
NYSE Euronext returns to profit in 4th quarter
AP News
NYSE Euronext makes profit in 4th quarter as cost cuts offset falling revenueNYSE Euronext, the trans-Atlantic stock exchange operator, said Tuesday it returned to profit in the fourth quarter as cost-cutting helped offset a drop in revenue amid falling global share trading volumes. The operator of the New York Stock ...
Macquarie outlook disappoints; shares slide 7 percent
Reuters US Online Report Business News
SYDNEY (Reuters) - Macquarie Group <MQG.AX>, Australia's top investment bank, forecast a disappointing second-half profit and gave an outlook that raised worries about its key equity business, sending its shares sliding 7 percent. Macquarie warned in its trading update that some market conditions were weakening, creating concerns ...
Related Videos by 5min
on OneRiot
Related Photos by Flickr
