rogue trader

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  UBS Rogue Trader’s Losses Could Have Topped $12 Billion: Prosecutor

  By Marlene Y. Satter, AdvisorOne  |  September 14, 2012

  Kweku Adoboli, the so-called rogue trader of UBS who lost $2.3 billion in unauthorized trades, went on trial in London, and the prosecutor said the scale of his gambling put ‘the very existence of the bank at risk.’

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  5 of History’s Brazen Crooks Who Defrauded Markets

  By Dan Berman, AdvisorOne  |  July 11, 2012

  Remember Ken Lay? Probably. Remember Alves dos Reis? Probably not, but he nearly bankrupted a country in 1925.

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  Barclays’ Diamond Blames Libor Fixing on Other Banks, Regulators

  By Marlene Y. Satter, AdvisorOne  |  July 5, 2012

  Moody’s cuts Barclays' outlook; investors may be on the hook for losses.

• Most Earnings Top Estimates on Mixed Advisor-Headcount News

  By Janet Levaux, AdvisorOne  |  November 23, 2011

  Bank of America reported net income of $6.2 billion, or $0.56 per share, for the third quarter vs. a net loss of $7.3 billion, or $0.77 per share, last year — topping analysts’ estimates by a wide margin. Revenue, net of interest expense (and calculated on a fully taxable-equivalent basis)...

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  5 Best & Worst Broker-Dealers: Q3 Earnings

  By Janet Levaux, AdvisorOne  |  November 16, 2011

  Brokerage firms in the third quarter boosted earnings growth as high as nearly 2,200% and reported declines as low as 120% — AdvisorOne selected a lucky 10 to spotlight.

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  UBS Beats Estimates; Net New Money Expands in Americas: Q3 Earnings

  By Janet Levaux, AdvisorOne  |  October 25, 2011

  The U.S.-based wealth management unit had about 6,900 advisors and inflows of $4.5 billion in the most-recent quarter.

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  The Perils of Exchange Traded Funds

  By Vaughan Scully, Standard & Poor's  |  October 9, 2011

  Despite their retail-friendly image today, ETFs were originally designed as a product for professional fund managers and institutional investors, and their involvement is still high.

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  Who’s More Reckless: Stockbrokers or Psychopaths?

  By Marlene Y. Satter, AdvisorOne  |  September 30, 2011

  Study at a Swiss University offers surprising results.

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  Moody’s Downgrades BofA, Wells Fargo & Citigroup

  By Marlene Y. Satter, AdvisorOne  |  September 22, 2011

  More advisors may feel the necessity to seek independence, as lack of potential government bailouts led to ratings cut.

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  UBS Loses ‘Credibility’ Again, Recruiters Say

  By Janet Levaux, AdvisorOne  |  September 20, 2011

  The latest scandal at UBS shouldn’t financially impact its U.S.-based financial advisors, experts say, but it could weaken the wirehouse firm’s recruiting and retention efforts.