UBS Group AG is a Swiss multinational investment bank and financial services company founded and based in Switzerland. Co-headquartered in the cities of Zürich and Basel, it maintains a presence in all major financial centers as the largest Swiss banking institution in the world.
UBS
Buoyed by $3-Mln Whistleblower Award, Ex-Merrill Duo Clears Their Record
The Brookfield, Wisconsin brokers alleged Merrill was to blame for issues with a proprietary structured note product, which also prompted the 10 customer complaints.
UBS Broker Sued By Morgan Stanley Agrees to Customer Solicitation Ban
Michael Crotty, who joined Morgan Stanley’s Smith Barney predecessor in 2007 and moved to rival UBS earlier this month, agreed to Morgan Stanley’s bid to block him from reaching out to customers governed by teaming agreements.
UBS Wealth Americas’ Profit Hits Record, Execs Promise Improvement in Margin
UBS Wealth Management Americas more than doubled earnings to $505 million in the second quarter, but analysts noted that its margins continued to lag its U.S. rivals.
$18-Mln UBS Team Led by Top-Ranked Alabama Broker Breaks Away to Launch RIA
UBS team led by Tony R. Smith in Birmingham had managed $4.4 billion in assets and launched Stonegate Investment Group.
SEC Orders UBS to Pay $8 Million Over Brokers’ Sales of Volatility-Linked ETFs
Brokers had “flawed understanding” of the product and improperly guided clients to hold the ETFs, which are meant for short-term trading, according to a settlement announced Monday.
Morgan Stanley Looks to Restrain $2.75-Mln Producer in CO and NJ Who Left for UBS
Mike Crotty, who had joined Morgan Stanley’s Smith Barney predecessor in 2007, moved to rival UBS last week, but not before giving some clients a heads-up he was leaving, the wirehouse claims in a suit.
UBS Broker Wins Expungement of 6 Puerto Rico Bonds Disputes, but 19 Remain on Record
San Juan, Puerto Rico-based broker Xavier A. Aguayo was granted each of his six expungement requests by a Financial Industry Regulatory Authority arbitrator.
UBS: No Return-to-Office Mandate For U.S. Brokers
The wirehouse told its roughly 6,000 advisors that it plans to make its flexible work arrangements adopted during the Covid-19 pandemic permanent for U.S. brokers.
Return-To-Office and Vaccine Mandates Stir Dissension, Debates, and Job Hunting Among Advisors
“I like this—working from home in shorts and a t-shirt,” a veteran Merrill broker said.
UBS to Let Two-Thirds of Employees Adopt Permanent Hybrid Work
UBS Group AG will permanently allow as many as two-thirds of its employees to mix working at home and the office, as it seeks a recruitment edge over some Wall Street banks taking a more hardline approach.
J.P. Morgan Private Bank Head in CA Exits, Another Banker Jumps to UBS in TX
Christine Leong Connors, who in 2012 assumed leadership of Northern California for J.P. Morgan’s private bank, left to “pursue outside opportunities,” a memo said.
