Tag: ubs

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Facebook IPO: The Biggest Loser Appears to be UBS

The losses due to Facebook Inc (NASDAQ:FB) IPO technical glitch were initially estimated to be about $100 million. However, a couple of weeks ago that figure was doubled to about $200 million by some stockbrokers and analysts. The thirty minute technical failure, […]

Earnings Roundup: SEI, UBS, GMCR, CLX, GRMN, BEN

Earnings Roundup: SEI, UBS, GMCR, CLX, GRMN, BEN

  Here’s our round up of the most important earnings reported before the market opened this morning  SEI Investments Company (NYSE:SEIC) announced this morning an earnings per share of 28 cents in the first quarter. That’s down on the same period […]

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UBS Exodus Continues: Executive Edward Cook to Join Blackrock

Money manager BlackRock, Inc. (NYSE:BLK) has poached the talent and hired UBS AG (NYSE:UBS) banker Edward Cook for its capital markets team. Cook oversaw UBS’ European equity syndication under the title, head of equity capital markets group syndicate, and will join his new team in […]

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UBS Gives McCann a $9.9M payment package for 2011

UBS’s (NYSE:UBS) wealth management operations in the Americas are overseen by Robert J. McCann, who also has the new honor of being the bank’s highest paid employee. McCann reportedly received a total payment package of 8.18 million francs ($9.9 million) in […]

How to Keep Rogue Trades Out of Your Investment Portfolio

How to Keep Rogue Trades Out of Your Investment Portfolio

News of a $2 billion “rogue trader” loss brings to mind an important subject: How to keep rogue trades out of your portfolio. The parallels to 2008 keep piling up. Early that year, French bank Société Générale revealed $7.2 billion […]