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McCann do: UBS wealth management sees huge jump in profit
Unit reports nearly eight-fold increase in pretax earnings; rich clients finally returning in force
UBS ‘business model is gone’ — and rich clients could follow
Can new UBS boss Sergio Ermotti turn things around at the misfiring bank? To do so, he must reshape the Swiss giant's i-bank unit. And he must do this while convincing clients of the wealth management unit to stay following the bank's latest PR disaster. | RJ boss would love for UBS to sell wealth management group | How clients rate UBS
$2B loss from unauthorized trading could be ‘critical tipping point’ for UBS
More tribulations at UBS, as unauthorized trading has left the bank with a big hole in its balance sheet. How big? The company says the loss could reach $2B -- and may turn a third-quarter profit into a loss. Says one analyst: 'This could be a critical tipping point.'
UBS boss Gruebel: We’re not selling U.S. wealth management biz
USB CEO Oswald Gruebel today reiterated that the Swiss bank has no plans to unload its U.S. wealth management unit. That division, run by Robert McCann, saw pretax profits and adviser comp rise in the second quarter of the year.
UBS not out of the woods after latest Lehman settlement
Financial Services unit still facing scores of cases arising from sale of principal protection notes issued by doomed Wall Street firm
UBS officially taps Bob McCann to run wealth management
After months of speculation, UBS today named Robert McCann as its new head of wealth management in the Americas
UBS to shell out $10.75M to settle Lehman-related row
UBS Financial Services Inc. has agreed to pay $10.75 million in fines and restitution to settle Finra allegations that its advisers misled clients about the “principal protection” feature of a Lehman Brothers Holdings Inc. bond product sold a few months before that firm filed for bankruptcy.
Ex-UBS adviser tricked clients, spent their money on prostitutes: SEC
Commission claims Kobayashi lived it up on client's life settlement investments
Wells Fargo and UBS at the table again?
Rumors have resurfaced that Wells Fargo & Co. is talking with UBS AG about acquiring the Swiss bank's retail-wealth-management operations in the U.S.
Wealth management seen vaulting UBS back into the black
Despite end of secret bank accounts, Swiss banking giant starting to attract more money from rich clients; profit margins still 'fairly poor'
UBS’ U.S. retail brokerage takes a hit
UBS AG's retail-brokerage operations in the United States lost $63.8 million pretax in the second quarter, reversing a pretax profit of $14.3 million in the first three months of 2010.
Ex-UBS manager lures retirement planning team to Houston startup
Energy industry specialists managed $450M at wirehouse
McCann can: UBS reports first net new client inflows since 2008
Former Merrill exec Bob McCann is helping to spark a turnaround in the UBS wealth management unit
McCann snags another top Merrill exec for UBS
Jonathan Kessler to oversee push to cross-sell banking products to wealthy client
UBS’ McCann: More cost-cutting ahead
Bob McCann says the Swiss bank plans to pare additional costs at its wealth management Americas unit -- and still improve advisory services for clients. Can the former Merrill Lynch exec pull it off?
UBS snares top trio in ‘significant loss’ for U.S. Trust
UBS Financial Services Inc. has landed a prominent adviser team from U.S. Trust.
UBS nears wealth management turnaround, as outflows taper off
UBS AG, Switzerland's biggest bank, will probably report a fourth straight quarterly profit tomorrow and the lowest wealth management redemptions since 2008.
Now hiring: UBS’ wealth management unit
Cost-cutting complete, McCann's group looking to sign up 'quality' advisers
U.S. Capital picks up more high-producing UBS reps
U.S. Capital Advisors LLC has picked up a $600 million team from UBS Financial Services Inc. — the second high-producing team the firm has picked up from UBS in the last six weeks.
UBS plans to open expanded financial adviser office in New York
UBS AG will open a new wealth management office in New York and boost staff as the biggest Swiss bank seeks to expand its market share among individual investors in the largest U.S. cities, according to a memo sent to employees today.
