Sergio Ermotti

• Wirehouses Boost Wealth Results

  By Janet Levaux, AdvisorOne  |  February 22, 2013

  Bank of America reported a 63% drop in net income for the fourth quarter of 2012.

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  UBS Reports Loss of $2.1B as Advisors Top $1M in Average Production

  By Janet Levaux, AdvisorOne  |  February 5, 2013

  Plus, the wealth management unit in the Americas added nearly 30 advisors in the fourth quarter.

• How LIBOR Settlement Could Hurt UBS

  By Janet Levaux, AdvisorOne  |  January 23, 2013

  UBS, which has more than 7,000 advisors in the Americas, recently agreed to pay more than $1.5 billion over LIBOR manipulation and related charges. Will its troubles drive away clients and recruits?

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  UBS Reps & LIBOR Woes: ‘A Bit Exhausting,’ Says Expert

  By Janet Levaux, AdvisorOne  |  December 26, 2012

  Plus, the latest scandal won't be the last for the firm—or for the industry, points out Chip Roame.

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  UBS to Slash 10,000 Jobs

  By Marlene Y. Satter, AdvisorOne  |  October 29, 2012

  The actions are seen as a way for UBS to go "back to its roots" in the advisory business.

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  UBS Could Shake Up Investment Bank

  By Marlene Y. Satter, AdvisorOne  |  October 26, 2012

  UBS is considering a revamp of its investment bank that could see it granting more responsibility to Andrea Orcel, co-head with Carsten Kengeter, and less to Kengeter, according to sources familiar with the matter.

• Q2 ’12 Wealth Profits Top Year-Ago Results

  By Janet Levaux, AdvisorOne  |  August 23, 2012

  Bank of America-Merrill Lynch reported profits of $2.5 billion for second-quarter 2012, or 19 cents a share, beating analysts’ estimates of 14 cents.

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  UBS Wealth Results Up in Americas; Down Worldwide After Facebook Flop

  By Janet Levaux, AdvisorOne  |  July 31, 2012

  Wealth Management-Americas posts a 28% jump in profits as net inflows to advisors remain stable

• UBS Loses More From Japan Equity Desk

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

  The Swiss bank UBS has lost a total of five people from its Japan equity desk, a week after the research team had been ranked second in Japan.

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  UBS Streamlines McCann’s Leadership Team

  By Janet Levaux, AdvisorOne  |  March 26, 2012

  UBS Americas trimmed a layer of management under CEO Robert McCann and increased the duties of some of wealth-management leaders, according to a memo released by McCann on Friday.