Here's a note of the latest UBS news.
The Wall Street Journal reports that UBS continues its strong showing in the region outside Japan, ranking first in investment-banking in the first quarter, after it retained its spot at the end of 2012 as the top fee earner for the tenth year in a row.
UBS Tops First Quarter League Tables in Asia (subscriber content)
Bloomberg reports that UBS lost its appeal of a ruling that allowed the Federal Housing Finance Agency to continue pursuing legal claims against the bank over the quality of loans tied to $6.4 billion in mortgage-backed securities.
Reuters reports that UBS's Wealth Management Americas said on Friday it hired two veteran advisers from rival brokerage Morgan Stanley Wealth Management, expanding the firm's adviser footprint in Arizona.
Advisers Steven Schultz and Scott Merrill, who moved on Monday, managed a combined $433 million in client assets at Morgan Stanley Wealth Management, the brokerage majority owned by Morgan Stanley and partially owned by Citigroup.
The South China Morning Post reports that Thai billionaire Dhanin Chearavanont has reportedly denied Swiss bank UBS was the mystery lender behind his conglomerate Charoen Pokphand's US$9.4 billion purchase of a stake in China's second-largest insurer, Ping An Insurance.
Dhanin was quoted on late Saturday night by finance.qq.com, a finance portal operated by Tencent, as issuing the denial at the Boao Forum for Asia.
He said the acquisition was funded by CP's 'own money', without elaborating,
Bloomberg reports that Brett Ersoff and John Herman, who took over the commercial-mortgage bond group at UBS just a few days back after the group’s head departed for Bank of America Corp., have left the bank, said two people familiar with the moves who asked not to be identified because they haven’t been announced.