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By Marlene Y. Satter, AdvisorOne |
January 30, 2012
Kweku Adoboli, the former UBS trader arrested in September over losses of $2.3 billion, pleaded not guilty to all charges on Monday at a London hearing.
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By Janet Levaux, AdvisorOne |
November 17, 2011
UBS revealed plans Thursday to strengthen its wealth-management units while scaling down its investment bank and introducing new performance targets companywide.
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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.
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By Janet Levaux, AdvisorOne |
September 24, 2011
Ermotti fills in for Grübel as rival broker-dealers and recruiters lick their chops, in anticipation of a possible sale and the expectation that more advisors will leave
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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.