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UBS 'Is Going Back To Its Roots'

UBS Fractured

UBS’s decision to cut as many as 10,000 jobs and retreat from capital-intensive trading businesses will help position Switzerland’s largest bank to return more funds to shareholders.

SIFMA Recommends Closure of Bond Markets Tuesday

Skyscrapers - Wall Street

The Securities Industry and Financial Markets Association (SIFMA) recommends a full market close on Tuesday, October 30, for the trading of U.S. dollar-denominated fixed-income securities in the United States due to Hurricane Sandy and severe weather.

Citigroup In Facebook Trouble, Morgan Stanley Said Probed

Morgan Stanley HQ

Massachusetts officials said Friday they have unearthed violations committed by Citigroup’s research department surrounding Facebook’s IPO and its coverage of Google — the results of which have cost two Citi analysts their jobs.

Tiger's Robertson: Hedge Fund Managers Are Scared

Julian Robertson Interview Still

Julian Robertson, founder of Tiger Management, appeared on 'Bloomberg Surveillance' with Tom Keene and Sara Eisen Friday morning, saying that hedge funds that have positioned themselves for a 'black swan event' are making a 'mistake'.

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HSBC Canary Wharf

HSBC: political risk towers over bank's structural review

So, marks out of 10, what would you award the UK and Hong Kong for “long-term stability”? We Brits win that one, surely, if we’re talking political stability: possible exit from the EU looks more comfortable than having the Chinese Communist party breathing down your neck.