NEWARK - The Office of the Attorney General through its Bureau of Securities has signed a final Consent Order that requires UBS to repurchase auction-rate securities (ARS) from New Jersey clients to settle allegations that the firm's securities dealers sold ARS without disclosing known risks of the ARS market.
Wells Fargo & Company has announced that Timothy J. Sloan, the company's current Chief Administrative Officer and a Senior Executive Vice President, has been named its new Chief Financial Officer, effectively immediately.
private equity firm Blackstone (that's if you discount the odd hedge fund).
After much speculation, UBS has now released details of his 2010 bonus pool.
Here's a follow-up to something we ran a couple of years back, and well worth reflecting on this bonus time.
For 2010, net profit attributable to UBS shareholders was $7.52bn compared with a loss of $2.82bn in 2009.
Dealbreaker reports on a scandal over at Barclays Capital in New York.
AFP reports that Deutsche Bank CEO Josef Ackermann's comments to the German press on the subject of quotas for appointing women to the boards of major German corporations has caused a bit of a stir.
Staff who work at UK firms Barclays, HSBC, and Royal Bank of Scotland are nervously waiting to find out how much they are going to get on the bonus front for their work in 2010.
This Christmas drinks guide will guarantee you have a very merry Christmas!
Homes close to London’s Harrods department store are so in demand that the average price within a five minute walk has soared to £2.4m – almost double the average for the borough of Kensington and Chelsea.
Financial analyst Meredith Whitney 's hedge fund firm, Kenbelle Capital, seems to be in trouble a little more than a year after it launched.