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Nasdaq says FINRA caps Facebook IPO claims at $41.6 million

Last Updated: Saturday, October 26, 2013, 10:37

The total value of the claims that market makers can recover after suffering losses due to Nasdaq OMX Group Inc`s botched handling of Facebook Inc`s initial public offering is USD 41.6 million, the exchange operator said Friday.

Swiss stock exchange opens probe into UBS statements

Last Updated: Thursday, October 24, 2013, 18:55

The operator of the Swiss stock exchange said Thursday it had opened an investigation into the country's largest bank, UBS, which is suspected of violating financial reporting rules.

UBS starts Britannia with ''buy'', liking the recipe

Last Updated: Friday, October 18, 2013, 11:37

UBS initiates coverage of Britannia Industries Ltd with a "buy" rating and target of 1,050 rupee.

UBS downgrades Tata Power to 'sell' citing Mundra project

Last Updated: Thursday, October 17, 2013, 11:25

India's electricity regulator allowed Tata Power to raise tariffs for power generated at its Mundra plant in the state of Gujarat.

UBS upgrades Tech Mahindra citing earnings upside, valuations

Last Updated: Monday, September 30, 2013, 11:32

The investment bank says the recent rupee weakness will help offset some of the cost associated with trying to increase revenue.

'Arab Spring may have brought economic renewal for Mideast'

Last Updated: Tuesday, September 17, 2013, 15:42

The political upheaval triggered by the Arab Spring that swept across the Middle East in 2011 may have brought about an economic renewal in the region, a new report has claimed.

Five years after Lehman, risk moves into the shadows

Last Updated: Thursday, September 12, 2013, 12:14

Just days after UBS AG said that it would gut its fixed-income trading business last October, three of the Swiss bank's senior executives left to launch a firm to go where big banks won't anymore.

UBS to pay $120 million in settlement over Lehman notes

Last Updated: Saturday, August 10, 2013, 08:30

The preliminary settlement was disclosed in papers filed late Thursday in the US District Court in Manhattan, and requires court approval.

UBS to repay Swiss bailout loan, cautious on Q3

Last Updated: Tuesday, July 30, 2013, 17:04

UBS will repay a loan and buy back equity in a fund set up as part of its 2008 bailout, a move the Swiss bank said on Tuesday would bolster its capital later this year.

US regulator announces $885 million settlement with UBS

Last Updated: Friday, July 26, 2013, 09:17

A US regulator on Thursday said it reached an USD 885 million settlement with UBS over allegations the bank misrepresented mortgage-backed bonds that were sold to Fannie Mae and Freddie Macduring the housing bubble.

UBS Fund Services partners Tech Mahindra

Last Updated: Tuesday, July 23, 2013, 14:13

Under the agreement, Tech Mahindra will provide UBS FSL with a fully managed service across four major areas.

UBS settles US mortgage lawsuit, posts soaring net profits

Last Updated: Monday, July 22, 2013, 18:35

Swiss banking giant UBS said today it had settled a lawsuit linked to US subprime housing mortgages which sparked the 2008 global financial crisis.