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This will allow the bank to retain a strong tier one capital ratio, even after providing the equity to the newly established entity. Dillon Read Capital Management was a $4 billion fund launched in June of 2005 by former UBS investment bank chief executive John Costas, with the help of then-UBS CEO Peter Wuffli. [...]

Industrial and precious metal prices have soared in recent years, despite considerable differences in market structure. The Credit Suisse business unit is a provider of wide-ranging financial services in Europe and other selected markets. In Asset Management, it provides access to a range of investment classes, ranging from money market, fixed income, equities [...]

But the Swiss banking shares recovered slightly and UBS shares posted a modest gain by mid-morning.  The move marks a turnaround from earlier assurances that the Swiss banking system is safe and doesn’t need government support of the kind seen elsewhere.  Both UBS and rival Credit Suisse have been hit by the sudden drought on the [...]

Billions?
The government injection of funds into UBS could represent a 9 percent stake in the bank, whose $44 billion write-downs related to toxic assets have been Europe’s worst.  UBS said it had also reached an agreement with the Swiss central bank to transfer up to 60 billion dollars of non-liquid assets into a separate fund.  Under [...]

UBS’s physical presence in the commodity sector, and its ‘one firm’ approach to business, ensured the firm stood out from its peers.  In his 22 year career at Morgan Stanley, Mr Johansson was previously Head of the Institutional Equity Division and co-head of the combined Equity and Fixed Income sales and trading businesses.  The new [...]

Ubs
UBS makes no representation, either express or implied, that the information and opinions expressed on the UBS website are accurate, complete or up to date.  UBS was ranked in the top three in 22 sectors and was a runner up in 11.  As a fellow Swiss firm, Credit Suisse enjoys the same benefits that Swiss [...]

A top lawyer at UBS’s global investment bank operations in New York has agreed to pay $6.5 billion (SFr7.39 billion) to settle an insider trading case. David Aufhauser was accused of selling his personal holdings of auction-rate securities after getting insider information about the collapsing market for debt. The lawyer did not admit to any [...]

The main outlet for musings and recommendations of Wall Street’s top-ranked mortgage strategy team at UBS AG (UBSN.VX: Quote, Profile, Research, Stock Buzz) is being silenced after more than 15 years, according to several market sources.
UBS strategists led by Laurie Goodman late on Tuesday published their last official “Mortgage Strategist,” a weekly collection of research [...]

UBS sees a deeper and longer U.S. recession than it had earlier predicted, due to further deterioration in the credit market and its drag on housing spending and the broader economy.
A more severe downturn will likely lead the Federal Reserve to trim interest rates by a total of a full percentage point over the next [...]

The Boards of Directors/Trustees for the UBS U.S. Money Market Funds named below (the “Funds”) on October 1, 2008, approved the participation of those money market funds in the U.S. Treasury’s Temporary Guarantee Program. All of these Funds will apply to be covered under the program.