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DealBreaker (Free subscription) | yesterday
GENEVA-- Switzerland's UBS, the world's largest wealth manager, said its advice-driven, global banking business model will be a winner as others failed or were rescued by governments during the global financial turmoil. UBS was hit early on in the crisis and has announced more write-downs on toxic assets than any other European bank. "It's never been more obvious to clients that they need advice....
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Seeking Alpha (Free subscription) | 10/14/2008
FP Trading Desk submits: The Canadian dollar is currently sitting close to fair value relative to the recent drop in commodity prices, Garry Cooper, a strategist at UBS said. He said the UBS’s trade-weighted basket of commodities pointed to a fair value in the $0.87 to $0.88 range. The Canadian dollar was trading at $0.86.5 on Tuesday at 1:00 pm ET. Complete Story »
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Reuters UK (Free subscription) | yesterday
(For other news from the Reuters Wealth Management Summit, click ) * UBS upbeat on advice-centered, global business model * Will take years to rebuild brand damage * Sees "unique" opportunities to grow in the United States GENEVA, Oct 15 (Reuters) - Switzerland's UBS (UBSN.VX: , , ), the world's largest wealth manager, said its advice-driven, global banking business model will be a winner as others...
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Climateer Investing (Free subscription) | 10/14/2008
I swear, that is the actual headline at the Financial Post. The language seems related to English, eh? I saw it as I clipped this headline: " Precious metal companies dragged down by base metals ". The precious dragged down by the base. It was ever thus.
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Seeking Alpha (Free subscription) | 10/14/2008
FP Trading Desk submits: USB analyst Jeffery Fan cut his revenue assumptions, earnings estimates and target price for Thomson Reuters Corp. (TRI) on Tuesday to account for an expected lag between the ongoing messiness in financial markets and its effect on the company. Mr. Fan now expects sales from the company’s markets division – which accounts for 60% of total revenue – to hit a trough in the first...
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Reuters UK (Free subscription) | yesterday
(For other news from the Reuters Wealth Management Summit, click ) HONG KONG, Oct 15 (Reuters) - Switzerland's UBS (UBSN.VX: ), the world's largest banker to the rich, expects to retain its leading market position in Asia this year but has slowed its rate of adding staff as the global market plunge destroys wealth. Kathryn Shih, chief executive for UBS's wealth management business in the Asia-Pacific,...
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Times of the Internet (Free subscription) | 10/13/2008
WASHINGTON, Oct. 12 (UPI) -- Allowing Lehman Brothers to fail was a mistake that spilled to the U.S. money markets and snowballed, Art Cashin, UBS director of floor trading, said Sunday. I think in hindsight it's pretty clear that it was a drastic error to let Lehman go under, Cashin said on ABS' This Week with George Stephanopoulis. The financial systems crisis quickly went from Wall Street and the...
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Moldova.org (Free subscription) | 10/13/2008
Allowing Lehman Brothers to fail was a mistake that spilled to the U.S. money markets and snowballed, Art Cashin, UBS director of floor trading, said Sunday.I think in hindsight it's pretty clear that it was a drastic error to let Lehman go under, Cashin said on ABS' This Week with George Stephanopoulis. The financial systems crisis quickly went from Wall Street and the banks to Main Street and business...
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Business Wire (Free subscription) | 10/13/2008
WILMINGTON, Del.--(BUSINESS WIRE)--Wilmington Trust Corporation (NYSE: WL) announced it has completed the all-cash acquisition of UBS Fiduciary Trust Company (UBSFTC), which provides trust
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Cnet (Free subscription) | 10/13/2008
Gartner report forecasts a 2.3 percent growth in IT spending this year, while UBS Securities predicts a more dire outcome of a 5- to 15-percent decline.
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Cnet (Free subscription) | 10/13/2008
Gartner releases a research report that forecasts a 2.3 percent growth in IT spending this year, while UBS Securities predicts a more dire outcome of a 5 to 15 percent decline.
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Indian Express (Free subscription) | 10/14/2008
Stocks rallied worldwide, with the MSCI World Index rebounding from its worst week on record, and the euro rose the most in three weeks against the dollar after governments in Europe, the US and Asia agreed to support banks.
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Banking Business Review (Free subscription) | 10/10/2008
UBS Investment Bank has announced that Janine Shelffo will join its investment banking department as a new managing director in its technology, media and telecommunications banking group.
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www.OSIR.org.in (Free subscription) | 10/10/2008
Osiris Therapeutics, Inc. (NASDAQ:OSIR), a leading stem cell therapeutic company focused on developing and marketing products to treat medical conditions in the inflammatory, orthopedic, and cardiovascular areas, announced today that C. Randal Mills Source: www.forbes.com