UBS
UBS reinforces FICC division
UBS has hired 17 people for its fixed-income, currency and commodities (FICC) division, which has been a main contributor to the bank's losses in recent quarters.
Bank CDSs hit by poor results
Market sentiment towards financials has been varied in the past week as more second-quarter bank results were announced.
Positive second-quarter results continue
UK and European banks have posted positive latest second-quarter results, led by strong investment banking revenues - but suffered from tightening credit spreads.
Banks' own credit risk hampers financial results
Own credit risk - the concept of including the credit risk of an institution in the measurement of the liabilities it issues - had a significant impact on banks' profits in the first half of 2009, as credit default swap (CDS) spreads referencing banks'…
European banks report modest Q2, despite increased provisioning
Top Spanish, German and Swiss banks have reported modest gains in the second quarter, although their profits have been constrained by an increase in non-performing loans and loan loss provisioning.
New heads of prime brokerage and listed derivatives at UBS
Stuart Hendel and Mitch Moore have joined UBS as global head of prime brokerage and global head of exchange-traded derivatives, respectively.
UBS merges quant group
UBS has merged its fixed income, currencies and commodities (FICC) and equity quantitative analysis teams, bringing them under the umbrella of the newly created investment banking (IB) quantitative analysis group, according to a leaked internal memo.
Nordic horizons
Markets in the Nordic region have been far from immune from the troubles that have hit structured products across Europe. But speakers and delegates at the Structured Products Nordic Region conference spoke of light on the horizon - despite the pressing…
US Wrap: Tentative reverse convertible issuance from Citi
Citi issued two reverse convertible products in the US market yesterday in a cautious offering of the riskier structures. The notes link to the stock of either JP Morgan or Research in Motion, which makes BlackBerry devices, lasting one year and six…
RBC Capital adds to structured equity and commodity group
RBC Capital Markets has hired Carmine Meoli as head of Private Banking Solutions Sales and Arif Hussein and Peter Drewienkiewicz as directors in its growing rates sales and trading team.
AIG forex prime brokerage bought by BNP Paribas
The US foreign exchange prime brokerage business of AIG Financial Products (AIG FP) has been transferred to BNP Paribas, along with eight staff.
SNB considers restricting size of Credit Suisse and UBS
The Swiss National Bank (SNB) may impose size limits on Credit Suisse and UBS due to "unique" systemic risks in the Swiss financial system, it revealed on June 18.
UBS and Credit Suisse poised for tighter regulation
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Cooke joins Barclays Wealth
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Credit Suisse strengthens Asia-Pacific equity derivatives
Credit Suisse has appointed Min Park and Ken Pang as co-heads of equity derivatives and convertibles for the Asia-Pacific region. Both men will be based in Hong Kong and report to Osama Abbasi, head of Asia-Pacific equities.
Brindley leaves UBS for new pensions service at Mercer
Rupert Brindley has left UBS, where he was a managing director focussing on risk management and liability-driven investment strategies.