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UBS relaxed on life after Brexit

Sergio Ermotti Interview Pic

UBS has a degree of flexibility if its UK outpost looks set to lose its ability to operate across the European Union once Britain leaves the bloc, Chief Executive Sergio Ermotti said at the World Economic Forum in Davos on Monday.

Reuters - Morgan Stanley gets China nod

Red flags

Morgan Stanley has received China securities regulator's approval to boost its stake in its Chinese securities venture to 49 percent, said a person with direct knowledge of the matter, making it the first foreign bank to get such a nod.



Davos makes glacial progress in hike towards gender balance

Klaus Schwab, the World Economic Forum (WEF) founder whose headquarters are the chrome and glass of a Bond villain’s lair, introduced this year’s event by saying: “The world around us is changing at unprecedented speed.” But it seems nothing has changed when it comes to the lack of women at Davos.


UBS in taxing rejection

UBS has failed to persuade the European Court of Human Rights to overturn an order that it must post 1.1 billion euros ($1.17 billion) bail in a French case about whether it helped clients avoid tax.


James Gorman Pic

Morgan Stanley CEO not a fan of getting rid of Dodd-Frank

Morgan Stanley chief James Gorman told CNBC on Thursday that elements of the Dodd-Frank Wall Street Reform Act need to be "curtailed," but he's not in favor of scrapping all the regulations, which were drawn up in the aftermath of the Great Recession.