Wirehouses Boost Wealth Results
Bank of America reported a 63% drop in net income for the fourth quarter of 2012.
UBS Reports Loss of $2.1B as Advisors Top $1M in Average Production
Plus, the wealth management unit in the Americas added nearly 30 advisors in the fourth quarter.
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.
UBS to Slash 10,000 Jobs
The actions are seen as a way for UBS to go "back to its roots" in the advisory business.
UBS Could Shake Up Investment Bank
UBS is considering a revamp of its investment bank that could see it granting more responsibility to Andrea Orcel, co-head with Carsten Kengeter, and less to Kengeter, according to sources familiar with the matter.
Q2 ’12 Wealth Profits Top Year-Ago Results
Bank of America-Merrill Lynch reported profits of $2.5 billion for second-quarter 2012, or 19 cents a share, beating analysts’ estimates of 14 cents.
UBS Wealth Results Up in Americas; Down Worldwide After Facebook Flop
Wealth Management-Americas posts a 28% jump in profits as net inflows to advisors remain stable
UBS Loses More From Japan Equity Desk
The Swiss bank UBS has lost a total of five people from its Japan equity desk, a week after the research team had been ranked second in Japan.
UBS Streamlines McCann’s Leadership Team
UBS Americas trimmed a layer of management under CEO Robert McCann and increased the duties of some of wealth-management leaders, according to a memo released by McCann on Friday.