Swiss financial titans UBS and Credit Suisse are expanding their operations in provincial Poland in a cost-saving drive made more urgent by the surge in the value of the Swiss franc.
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UBS seeks to offload Australian wealth unit to management: source
UBS is seeking to offload its private bank in Australia to the unit's management following a review of underperforming businesses at the Swiss bank, a source with direct knowledge of the matter told Reuters on Monday.
USAA creates research team to study use of bitcoin technology
USAA, a San Antonio, Texas-based financial institution serving current and former members of the military, is studying the underlying technology behind the digital currency bitcoin to help make its operations more efficient, a company executive said.
Business leaders see peace boost if Netanyahu loses Israeli election
An upset victory by Israel's centre-left opposition in Tuesday's election could be a welcome change for a business and corporate sector eager for the "peace dividend" that might come with a government willing to talk with the Palestinians.
Bain-backed MYOB to file for $2.3 billion Australia IPO by end-March: sources
Bankers running the expected A$3 billion ($2.29 billion) initial public offering of Australian software firm MYOB Ltd, owned by Bain Capital, plan to file a prospectus for the sale by end-March, two people familiar with the matter told Reuters.
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Mindbody, a company that makes software to help run fitness and yoga studios, has selected banks for a potential initial public offering that could value it at more than $700 million, according to people familiar with the matter.
Italian lender Monte dei Paschi di Siena expects to complete its planned capital increase by July and can use divestments to help plug a hole in its balance sheet, Chairman Alessandro Profumo told an Austrian newspaper.
Standard Chartered (STAN.L) said it is considering replacing its banking advisers, UBS and JPMorgan, and has invited rival investment banks to pitch for the potentially lucrative business.
Charles I. Plosser , President and Chief Executive Officer of Federal Reserve Bank of Philadelphia spoke on The US Economic Outlook and Monetary Policy at UBS European Conference, London, England today.
British and U.S. regulators are poised to levy hefty fines on leading banks in a landmark settlement after a year-long global investigation of allegations of collusion and manipulation in the foreign exchange market.
A divided U.S. appeals court rejected UBS AG's (UBSN.VX) bid to force Nasdaq OMX Group Inc (NDAQ.O) to arbitrate a dispute over the exchange operator's alleged "catastrophic mismanagement" of Facebook Inc's (FB.O) $16 billion initial public offering.
Even the wildest markets nearly always draw opportunists looking for profitable ways to play them. But recent volatility has hit such a level that the strongest-nerved are thinking twice.
A much-needed pruning of banks across the world could stifle lending and dampen economic recovery, the International Monetary Fund said on Wednesday.
UBS said on Monday it was launching a share-for-share exchange to set up a new holding company, UBS Group AG, part of a restructuring drive to ensure it can be broken up more easily in a crisis.
