private bank

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  UBS Nominates Board Members; Grabs Advisors From BofA, Morgan

  By Janet Levaux, AdvisorOne  |  February 6, 2012

  The recruited reps come from Bank of America and Morgan Stanley with about $3 billion in assets and $18 million in production.

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  Swiss Bank Wegelin Indicted for Tax Fraud by U.S.

  By Marlene Y. Satter, AdvisorOne  |  February 3, 2012

  Wegelin, Switzerland's oldest private bank, is charged with fraud and conspiracy; it has no branches outside Switzerland, and funds were seized from its correspondent bank, UBS in Stamford, Conn.

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  Jim Barnash Joins New Kind of Advisor Partnership: Merion Wealth

  By James J. Green, AdvisorOne  |  October 10, 2011

  Former FPA president will focus on finding, transitioning independent advisors into Merion Wealth Partners.

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  Can Fed’s Operation Twist Reverse Sliding Economy?

  By Ron DeLegge, ETFguide.com  |  September 30, 2011

  The Fed most recently said it would shift around $400 billion from short-term debt into longer-term U.S. Treasuries with maturities as short as six years to as long as 30 years. But will it work?

• Krawcheck Out in BofA Reorg

  By Janet Levaux, AdvisorOne  |  September 29, 2011

  Bank of America said in early September that wealth-management head Sallie Krawcheck was leaving the company as part of a major reorganization of the bank and its operations.

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  UBS on Review for Moody’s Downgrade

  By Marlene Y. Satter, AdvisorOne  |  September 16, 2011

  The same day the $2 billion loss hit the news, the firm was placed on review by Moody’s Investors Service for possible downgrade over its risk control measures.

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  UBS Loses $2 Billion to Rogue Trader

  By Marlene Y. Satter, AdvisorOne  |  September 15, 2011

  A rogue trader could be responsible for Switzerland’s biggest bank failing to be profitable in the third quarter, after he managed to siphon off $2 billion in unauthorized trading.

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  Post-Krawcheck BofA: Will Advisors Stay or Go?

  By Janet Levaux, AdvisorOne  |  September 7, 2011

  Experts debate whether advisors are likely to jump ship or stay in the face of management changes.