Three class actions have been filed on UBS Financial Services and the officers and directors of Lehman Brothers on losses from investments in principal protected notes (PPNs) issued by the defunct US bank....
Losses and Lawsuits
Losses and Lawsuits
This white paper looks at the heavy impact of regulation on investment managers, the mitigation of outsourcing risk, inefficiencies in corporate actions processing and the growing importance of collateral management.
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Barclays, UBS and Goldman Sachs have announced moves to halt bonus payouts for top executives in 2008, as huge subprime losses and writedowns have placed compensation policies under increased scruti...
Arbitrations and class actions are gathering momentum in the US as investors seek to reclaim their losses from Lehman Brothers principal-protected notes (PPNs). One case is being launched specifically...
UBS has confirmed that its commodity indexing business will stay intact following the announcement of the closure of its fixed-income commodity business (excluding precious metals). The business is classified...
The Swiss government has stepped in to rescue UBS, the European bank worst hit by the subprime crisis.
Walter Seitz has been appointed head of wealth management at UBS Securities Japan to replace Junya Tani, who left to head Credit Suisse’s newly launched private banking operations in Tokyo.
UBS executives sold off $21 million in personal auction rate securities (ARS) holdings just days before the market ground to a halt, while continuing to market the securities to unwitting consumers,...
Four directors of UBS will step down in October as the bank attempts to overcome the stigma of its massive writedowns over the past 12 months.
As banks and other market players seek to close risk management loopholes exposed by tottering markets, some post-mortems are homing in on a broader issue: corporate culture.
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This whitepaper reviews the fundamental changes of Liquidity Risk Management under Basel III. It discusses how institutions can meet the regulatory requirements on liquidity risk management by enhancing their liquidity risk analytics, funds transfer pricing methodologies, liquidity stress testing frameworks, and enterprise risk management platforms.