UBS Misses On Costs, Deutsche Bank Beats On FICC, Non-Core

Deutsche Bank AG (NYSE:DB) (ETR:DBK) (FRA:DB)’s CIB was strong with PBT of €885 million, 38% ahead of consensus, while UBS AG (NYSE:UBS)’s Wealth Management revenues dropped 3% below consensus, notes Jefferies analyst. Omar Fall for Jefferies in the research reports dated […]

UBS Seeks More Investments in China

Shares of Switzerland-based UBS AG (NYSE:UBS) rallied 1.6% since a Bloomberg report on Mar 16 revealed the company’s plans to tap the residential market of China’s second-tier cities. For this, the company is raising a second fund. UBS’ intensive research in the […]


UBS AG Might Pay $275M to German Regulators

UBS AG’s (NYSE:UBS) problems related to helping clients dodge taxes still drags on. Almost five years after Switzerland’s biggest bank by assets reached a settlement worth $780 million by U.S regulators, the troubles persist. Recently, a German daily reported that […]

Regulators Continues Probe on Big Banks

The probe into mortgage-related faulty practices by major global banks continues. The Federal regulators now have the likes of Barclays plc (BCS), Citigroup Inc. (C), Deutsche Bank AG (DB), Goldman Sachs Group, Inc. (GS), JPMorgan Chase & Co. (JPM), Morgan Stanley (MS), UBS AG (UBS) and The Royal Bank of Scotland Group plc (RBS) under scrutiny. […]

UBS Posts Solid Profit Despite Challenges

UBS AG (NYSE:UBS), the leading global financial institution in Switzerland reported strong financial results for the second quarter of the current fiscal year. The bank said its profit increased by 32 percent despite the challenges confronting it. UBS reports net […]

Barclays To Move 4,000 Jobs To Cut Costs

Barclays Plc (NYSE:BCS) (LON:BARC) is planning to move 4,000 jobs to low cost locations overseas by 2015 to cut costs, reports Howard Mustoe of Bloomberg. Britain’s second largest bank’s co-CEO of corporate and investment banking, Eric Bommensath, said that it will generate about […]