How LIBOR Settlement Could Hurt UBS
UBS, which has more than 7,000 advisors in the Americas, recently agreed to pay more than $1.5 billion over LIBOR manipulation and related charges. Will its troubles drive away clients and recruits?
UBS Reps & LIBOR Woes: ‘A Bit Exhausting,’ Says Expert
Plus, the latest scandal won't be the last for the firm—or for the industry, points out Chip Roame.
BofA to Pay $2.4B
Bank of America reached a settlement to end a class-action lawsuit with investors and will pay $2.43 billion, while also making certain corporate-governance reforms, the firm said in late September.
BofA Settles Merrill Purchase Suit for $2.43 Billion
The deal resolves a long-standing dispute, but should not have much impact on the firm's advisors, experts say.
UBS’ Santucci on Training, Recruiting
Paul Santucci is COO of the UBS Wealth Management Advisor Group for the Americas, which includes about 6,900 FAs.
UBS’ Santucci on Training, Recruiting: Weekend Interview
Paul Santucci, the wealth-management COO for UBS, shares his views on how UBS continues to attract new reps as well as veterans from rival firms.
UBS Sees Leaders Exit, Expects Profit
UBS said in early October that the co-heads of its global-equities unit resigned in response to the unauthorized trading that caused a $2.3 billion loss at the bank in mid-September. A former Bank of America-Merrill Lynch executive is now the sole leader of the unit. These shifts come on the...
Sale of UBS-Americas Would Be ‘Nuclear Option,’ Says Expert
UBS may need to consider spinning off its U.S. operations as a worst-case scenario, according to recruiters and others.
UBS CEO’s Departure Puts Advisors in Hot Seat
UBS advisors are facing a tough situation as they await the naming of a permanent CEO to replace Oswald J. Gruebel.
UBS' McCann and His Team: Lots of Merrill Lynch Ex's
Former Merrill Lynch execs hope to improve results at UBS Americas, which includes about 7,300 advisors.