UBS

• 

  UBS Pays $8M Fine to Settle SEC’s Short-Sale Case

  By Janet Levaux, AdvisorOne  |  November 11, 2011

  The SEC charged UBS Securities Thursday with faulty record-keeping practices related to short sales, and UBS agreed to pay an $8 million penalty to settle the enforcement action.

• 

  UBS to Trim, Not Sell, Investment Bank, Report Says

  By Janet Levaux, AdvisorOne  |  October 20, 2011

  As further details emerge regarding its recent $2.3 billion trading loss, UBS interim CEO Sergio Ermotti has decided against spinning off or selling the investment bank and, instead, plans to reduce its size, especially in its fixed-income work.

• 

  UBS Trader Kweku Adoboli Hires Lawyers of Nick Leeson, Rogue ’90s Trader

  By Joyce Hanson, AdvisorOne  |  September 16, 2011

  UBS trader Kweku Adoboli was charged Friday with engaging in fraud and false accounting since 2008, and hired the lawyers who represented rogue trader Nick Leeson to defend him.

• 

  UBS to Cut 3,500 Jobs; Wealth Unit Losing 350

  By Janet Levaux, AdvisorOne  |  August 23, 2011

  UBS said Tuesday it planned to cut staff by 3,500 as part of its overall plan to trim about $2.5 billion from its yearly expenses by the end of 2013 “to improve operating efficiency.”

• Q2 Earnings: UBS Misses Estimates, Says Americas Unit Not for Sale

  By Janet Levaux, AdvisorOne  |  July 26, 2011

  Number of UBS advisors and net new assets rises in the United States and Latin America in Q2 even as the bank missed its earnings estimates.