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By Marlene Y. Satter, AdvisorOne |
May 1, 2012
The largest publicly traded hedge fund manager in the world, Man Group, saw net outflows of $1 billion in Q1 and reported a net drop in cash that made analysts wonder if it is spending too much.
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By Marlene Y. Satter |
September 20, 2011
Bank of China and another Chinese bank have stopped interest rate swaps and foreign exchange trading with a number of foreign banks, reducing their exposure to the euro zone.
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By Marlene Y. Satter |
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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By Marlene Y. Satter |
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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By Marlene Y. Satter |
September 6, 2011
The Swiss National Bank on Tuesday stepped in to impose a ceiling on the exchange rate of the national currency on Tuesday, causing the franc to halt four straight days of gains and fall the most ever against the euro.
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By Marlene Y. Satter |
August 9, 2011
China's inflation rate for July hit 6.5%, its highest in three years, despite Beijing's best efforts to control it through required reserves for its banks and increased interest rates—five just since October.
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By Janet Levaux, AdvisorOne |
May 1, 2011
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By Joyce Hanson, AdvisorOne |
April 26, 2011
UBS Wealth Management Americas reported a Q1 2011 pre-tax profit of 111 million Swiss francs, about $126 million, up from a loss in the prior quarter.
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By Janet Levaux, AdvisorOne |
February 8, 2011
Though the Robert McCann-led unit had its fourth quarter of inflows, it failed to make a profit due to legal issues.
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By Michael S. Fischer |
September 2, 2010
Canada's high-net-worth market is attracting big overseas wealth managers.