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BUSINESS
November 29, 2001 | Bloomberg News
UBS Warburg promoted Ken Moelis to sole head of U.S. investment banking and gave co-head Robert Hotz a new post in which he will spend more time working with clients, according to people familiar with the situation. Moelis, 43, joined UBS Warburg last year from Credit Suisse First Boston after CSFB's purchase of Donaldson, Lufkin & Jenrette Inc., Moelis' old firm. UBS Warburg is the securities unit of UBS, Switzerland's biggest bank.
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BUSINESS
July 11, 2003 | From Reuters
Lawmakers looking into an accounting scandal at clinic and surgical center operator HealthSouth Corp. asked a former U.S. executive at Swiss bank UBS to turn over documents related to the company. House Energy and Commerce Committee Chairman W.J. "Billy" Tauzin (R-La.) and ranking Democrat John D. Dingell of Michigan said they had sent a letter to Howard Capek, who directed research on HealthSouth for many years at unit UBS Warburg.
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BUSINESS
August 21, 2002 | Bloomberg News
UBS Warburg said its energy-trading unit, acquired from Enron Corp. in February, cut about 130 jobs, or 21% of its staff, after a slump in natural-gas and electricity trading. The job reductions were at the unit's Houston headquarters and Portland, Ore., office. Stamford, Conn.-based UBS Warburg acquired Enron's energy-trading business through a bankruptcy auction. It hired 625 former Enron employees. U.S. shares of UBS fell 69 cents to $47.65 on the NYSE.
BUSINESS
May 8, 2003
The House Energy and Commerce Committee said its probe into the financial collapse of HealthSouth Corp. was expanding to include UBS Warburg investment banker Benjamin Lorello. UBS also received a subpoena from the Securities and Exchange Commission in December or January, relating to the bank's dealings with HealthSouth, according to a source familiar with the probe. A representative of UBS Warburg, a unit of UBS, declined to comment.
BUSINESS
August 13, 2002 | From Reuters
South Korean regulators issued a "severe disciplinary warning" to the country's top foreign brokerage, UBS Warburg, today after finding it leaked market-sensitive research to investors up to six days before publishing them. UBS Warburg files, telephone logs and e-mails revealed it leaked research on 11 firms including South Korea's largest, Samsung Electronics, the Financial Supervisory Commission said in a statement.
BUSINESS
November 22, 2000 | DEBORA VRANA, TIMES STAFF WRITER
Ken Moelis, one of Southern California's top investment bankers, is leaving the newly merged Credit Suisse First Boston for a far smaller banking firm: UBS Warburg. The defection, announced by UBS on Tuesday, comes just a few weeks after CSFB completed its purchase of Donaldson, Lufkin & Jenrette Securities, where Moelis had been the star banker since the early 1990s. CSFB had given Moelis, 42, the title of co-head of investment banking--a high-profile post--as part of its $11.
BUSINESS
May 8, 2003
The House Energy and Commerce Committee said its probe into the financial collapse of HealthSouth Corp. was expanding to include UBS Warburg investment banker Benjamin Lorello. UBS also received a subpoena from the Securities and Exchange Commission in December or January, relating to the bank's dealings with HealthSouth, according to a source familiar with the probe. A representative of UBS Warburg, a unit of UBS, declined to comment.
BUSINESS
December 6, 2000 | DEBORA VRANA, TIMES STAFF WRITER
A crew of about 20 investment bankers in the Los Angeles office of Credit Suisse First Boston are leaving to join their former leader at UBS Warburg, sources said. The bankers, including two top-ranking managing directors, are following Ken Moelis, one of Southern California's top investment bankers, who last month said he will depart Credit Suisse for UBS.
BUSINESS
July 11, 2003 | From Reuters
Lawmakers looking into an accounting scandal at clinic and surgical center operator HealthSouth Corp. asked a former U.S. executive at Swiss bank UBS to turn over documents related to the company. House Energy and Commerce Committee Chairman W.J. "Billy" Tauzin (R-La.) and ranking Democrat John D. Dingell of Michigan said they had sent a letter to Howard Capek, who directed research on HealthSouth for many years at unit UBS Warburg.
BUSINESS
August 22, 2001 | From Bloomberg News
NextWave Telecom Inc. said Tuesday that it has received a $2.5-billion loan commitment from UBS Warburg to help build a wireless data transmission network, contingent upon the bankrupt carrier gaining control of disputed U.S. airwaves. The Hawthorne, N.Y.-based company, which won a similar $300-million commitment from Qualcomm Inc. last week, also hired the Swiss-owned investment bank to help complete a bankruptcy reorganization plan that might raise $5.5 billion.
BUSINESS
August 21, 2002 | Bloomberg News
UBS Warburg said its energy-trading unit, acquired from Enron Corp. in February, cut about 130 jobs, or 21% of its staff, after a slump in natural-gas and electricity trading. The job reductions were at the unit's Houston headquarters and Portland, Ore., office. Stamford, Conn.-based UBS Warburg acquired Enron's energy-trading business through a bankruptcy auction. It hired 625 former Enron employees. U.S. shares of UBS fell 69 cents to $47.65 on the NYSE.
BUSINESS
August 13, 2002 | From Reuters
South Korean regulators issued a "severe disciplinary warning" to the country's top foreign brokerage, UBS Warburg, today after finding it leaked market-sensitive research to investors up to six days before publishing them. UBS Warburg files, telephone logs and e-mails revealed it leaked research on 11 firms including South Korea's largest, Samsung Electronics, the Financial Supervisory Commission said in a statement.
BUSINESS
November 29, 2001 | Bloomberg News
UBS Warburg promoted Ken Moelis to sole head of U.S. investment banking and gave co-head Robert Hotz a new post in which he will spend more time working with clients, according to people familiar with the situation. Moelis, 43, joined UBS Warburg last year from Credit Suisse First Boston after CSFB's purchase of Donaldson, Lufkin & Jenrette Inc., Moelis' old firm. UBS Warburg is the securities unit of UBS, Switzerland's biggest bank.
BUSINESS
August 22, 2001 | From Bloomberg News
NextWave Telecom Inc. said Tuesday that it has received a $2.5-billion loan commitment from UBS Warburg to help build a wireless data transmission network, contingent upon the bankrupt carrier gaining control of disputed U.S. airwaves. The Hawthorne, N.Y.-based company, which won a similar $300-million commitment from Qualcomm Inc. last week, also hired the Swiss-owned investment bank to help complete a bankruptcy reorganization plan that might raise $5.5 billion.
BUSINESS
June 21, 2001 | Reuters
Swiss bank UBS said it plans to buy the pension management arm of Royal Bank of Canada for about $230 million in a further expansion of its North American reach. The deal is tiny compared with UBS' $11.8-billion acquisition of U.S. broker PaineWebber last year. However, it underscores intentions by the Swiss giant--which has funds under management greater than Canada's GDP--to further reinforce its already impressive bulk in the fast-growing wealth management business.
BUSINESS
December 6, 2000 | DEBORA VRANA, TIMES STAFF WRITER
A crew of about 20 investment bankers in the Los Angeles office of Credit Suisse First Boston are leaving to join their former leader at UBS Warburg, sources said. The bankers, including two top-ranking managing directors, are following Ken Moelis, one of Southern California's top investment bankers, who last month said he will depart Credit Suisse for UBS.
BUSINESS
July 12, 2000 | From Times Staff and Wire Reports
PaineWebber Group, the fourth-largest U.S. brokerage and one that's eschewed the long-running merger trend among its peers, reportedly is close to being bought by the Swiss banking group UBS for about $12 billion. The deal, as reported by the Financial Times of London today, would value New York-based PaineWebber at about $73 a share, a fat premium over the stock's closing price Tuesday. PaineWebber closed at $49.94, up $3.81 for the day in heavy trading on the New York Stock Exchange.
BUSINESS
June 21, 2001 | Reuters
Swiss bank UBS said it plans to buy the pension management arm of Royal Bank of Canada for about $230 million in a further expansion of its North American reach. The deal is tiny compared with UBS' $11.8-billion acquisition of U.S. broker PaineWebber last year. However, it underscores intentions by the Swiss giant--which has funds under management greater than Canada's GDP--to further reinforce its already impressive bulk in the fast-growing wealth management business.
BUSINESS
November 22, 2000 | DEBORA VRANA, TIMES STAFF WRITER
Ken Moelis, one of Southern California's top investment bankers, is leaving the newly merged Credit Suisse First Boston for a far smaller banking firm: UBS Warburg. The defection, announced by UBS on Tuesday, comes just a few weeks after CSFB completed its purchase of Donaldson, Lufkin & Jenrette Securities, where Moelis had been the star banker since the early 1990s. CSFB had given Moelis, 42, the title of co-head of investment banking--a high-profile post--as part of its $11.
BUSINESS
July 12, 2000 | From Times Staff and Wire Reports
PaineWebber Group, the fourth-largest U.S. brokerage and one that's eschewed the long-running merger trend among its peers, reportedly is close to being bought by the Swiss banking group UBS for about $12 billion. The deal, as reported by the Financial Times of London today, would value New York-based PaineWebber at about $73 a share, a fat premium over the stock's closing price Tuesday. PaineWebber closed at $49.94, up $3.81 for the day in heavy trading on the New York Stock Exchange.
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