Advertisement
 
YOU ARE HERE: LAT HomeCollectionsUbs Company
IN THE NEWS

Ubs Company

BUSINESS
July 13, 2000 | From Reuters
General Electric Co. finally is seeing a payoff from its ill-fated foray into the brokerage industry. The diversified conglomerate, whose businesses range from lightbulbs to aircraft engines, will receive a $2.3-billion windfall from its 22% stake in PaineWebber Group, which Wednesday agreed to be acquired by Switzerland's UBS in a $10.8-billion deal.
Advertisement
BUSINESS
September 1, 2004 | From Associated Press
Backpedaling from a recent expansion, Charles Schwab Corp. is selling an institutional investment and research division to Swiss banking giant UBS for $265 million, another step in the struggling stock brokerage firm's push to regain its Main Street appeal. The all-cash deal, announced Tuesday, represents a humbling about-face for San Francisco-based Schwab, which will sustain a substantial loss on the sale of its SoundView Capital Markets group.
BUSINESS
May 11, 2004 | From Associated Press
The Federal Reserve on Monday fined Switzerland's largest bank, UBS, $100 million for allegedly sending dollars to Cuba, Libya, Iran and Yugoslavia in violation of U.S. sanctions against those countries. UBS operated a trading center for dollars in its Zurich headquarters under contract with the Federal Reserve of New York, to help the circulation of new U.S. notes and the retirement of old ones.
BUSINESS
May 30, 2006 | From Bloomberg News
UBS' Peter Wuffli may turn what he calls his "wide-open radar screen" toward more potential takeover targets after buying a U.S. brokerage, a Brazilian bank and a futures broker in a two-month, $3.6-billion spending spree. The 48-year-old chief executive of Europe's biggest bank may tell investors today at a meeting in Zurich, Switzerland, that UBS will keep spending excess cash on acquisitions after generating a record 14 billion Swiss francs ($11.5 billion) in profit last year.
BUSINESS
August 4, 2003 | Alex Pham and E. Scott Reckard, Times Staff Writers
Like hard-core gamers poring over a strategy guide, investors and analysts are scrutinizing obscure entries in the financial reports of video game publishers. Two items in particular -- reserves and expense capitalization -- are getting attention in the search for clues as to why the Securities and Exchange Commission issued sweeping requests in July for information from the industry's leading companies: Activision Inc., THQ Inc., Midway Games Inc. and Acclaim Entertainment Inc.
BUSINESS
December 19, 2012 | By Jim Puzzanghera
WASHINGTON -- U.S. officials said Wednesday that banking giant UBS was motivated by "sheer greed" in rigging a key global interest rate and that the $1.5 billion in penalties the firm agreed to pay sends a strong message to the financial industry. The UBS settlement, which includes the company pleading guilty to felony wire fraud charges, follows a $450-million fine against British bank Barclays in the scandal over manipulating the London Interbank Offered Rate, known as Libor. The settlement involved U.S., British and Swiss authorities.
Los Angeles Times Articles
|