Sector: Capital markets

Thursday’s Headlines: UBS top bankers resign in wake of scandal

The two co-heads who ran the UBS unit in which a rogue trader caused $2.3 billion of losses have resigned, the Financial Times reports. The co-heads of global…

Wednesday’s Headlines: Morgan Stanley fights European exposure rumors

Morgan Stanley is struggling to reassure investors after rumors about its supposed exposure to faltering European banks sent its shares crashing, DealBook reports. To fight the rumors, top…

Wednesday’s Headlines: Citi investors to see more dividends, buybacks soon

Citigroup investors will receive more capital from their investments, as the bank’s growth will allow it to pay more dividends and buy back shares in coming years, Citigroup…

Friday’s Headlines: Europe debt mess could spark another 2008: GS executive

The world’s financial system could slip into another crisis similar to the one experienced after the collapse of Lehman Brothers in 2008 if European debt problems escalate further,…

Thursday’s Headlines: Moody’s downgrades three top US banks

Moody’s has cut the credit ratings of Bank of America, Wells Fargo and Citigroup, arguing that the US government may no longer bail them out if they face…

Tuesday’s Headlines: UBS CEO to propose “radical overhaul” after huge loss

UBS CEO Oswald Gruebel will propose a “radical overhaul” of the investment banking division when he meets with the UBS board in Singapore this week, Reuters reports. The…

Will the UBS $2.3 billion rogue trading loss impact hiring of new traders?

As UBS deals with ongoing criticism over how it could have allowed one trader to lose what now appears to amount to $2.3 billion dollars, a new debate…

Monday’s Headlines: Protesters target Wall Street, want to “end corporate welfare”

Protestors demonstrated in New York’s financial district on Monday for the third day in a row, Bloomberg reports. The number of protesters dwindled to around 200 from 1,000…

Friday’s Headlines: US mortgage mess cost top banks at least $66 billion

America’s mortgage debacle has cost the country’s top five home lenders at least $65.7 billion, Bloomberg reports. New claims across the industry may double that amount. Citing its…

Thursday’s Headlines: UBS rogue trader blamed for $2 billion loss

A rogue trader at UBS has caused $2 billion of losses at the Swiss bank, news media are reporting today. A 31-year-old European equities trader, Kweku Adoboli, has…

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