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- 08/03/09--06:09:_UBS’ Tax Break
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- 11/02/09--09:45:_Noted: UBS sees 15% M&A...
- 11/03/09--04:15:_Road to UBS recovery wobbly
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Latest Articles in this Channel:
- 08/03/09--06:09: UBS’ Tax Break (chan 2090960)
- 08/20/09--04:24: Deals du Jour (chan 2090960)
- 08/20/09--06:12: Switzerland’s pound of UBS cheese (chan 2090960)
- 09/11/09--05:20: Keeping score: UK M&A, Asian tech and US debt (chan 2090960)
- 11/02/09--09:45: Noted: UBS sees 15% M&A rebound next year (chan 2090960)
- 11/03/09--04:15: Road to UBS recovery wobbly (chan 2090960)
- 11/03/09--09:37: UBS and the UK banks shake-up (chan 2090960)
- 11/17/09--01:34: Dealzone Daily (chan 2090960)
- 12/16/09--14:48: Noted: Europe SA on the takeover trail? (chan 2090960)
- 03/22/10--02:02: DealZone Daily (chan 2090960)
UBS shares are on the rise after news of a deal in principle to end U.S. government tax litigation against the Swiss wealth management giant. Is this the end of uncertainty for the wealth management giant?
Details emerge of the Swiss government's disposal of 9 percent stake in UBS. Traders snapped up the 332 million shares at the top end of the expected price range in a heavily oversubscribed sale according to sources involved in the deal.
The Swiss Government gets paid off as it cashes out of its emergency funding of UBS, its top bank. But the profit it made may turn out to be a short-term gain for the country as its sacrifice of once-sacred secrecy laws looms as a longer term drain.
Highlights from weekly Thomson Reuters investment banking scorecard
UBS sees a 15 percent pickup in M&A next year, driven by "the increase in risk appetite in equity markets and in the boardroom, a return to earnings growth and profitability by World Inc and a backlog of pending asset disposals".
UBS' disappointing Q3 results show the Swiss bank giant will have to work harder to attract rich client money
Some cheering news on an otherwise tough day for UBS - the Swiss bank has bagged key roles for both Lloyds and RBS, as the two British banks agree to a massive shake-up that involves taking 31 billion pounds more of government money.
Dealzone Daily, Nov. 17, 2009
UBS
Royal Dutch Shell and PetroChina swoop on Arrow's coal-seam gas assets, while AIG former chief unloads $278 million of the U.S. insurer's shares.