10:26pm ET
Banking, finance, and taxes
World’s Largest Banks Create A Fund To Save One Another
We few, we happy few, we band of brothers; For he to-day that sheds his blood with me Shall be my brother; be he ne’er so vile… Saint…
Companies
/Financial Services
UBS Group AG
$54.90
â–² $0.54 (+0.99%) today
Markets closed · 1:57pm ET
UBS Coverage
Page 222:53am ET
Media
Media Digest 8/15/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Ford (F) will build a news luxury crossover vehicle. Reuters writes that Merrill Lynch (MER) will freeze all hiring through the end of the year. Reuters reports that the…
4:28am ET
Banking, finance, and taxes
In UBS (UBS) Break-Up, A Lesson For Merrill Lynch (MER) and Citigroup (C)
No one has really worked out how to wall-off significant risk in one division of a financial services giant from divisions which are "safe" and operating smoothly. UBS (UBS) skinned its investors…
2:52am ET
Media
News Digest 8/12/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, JP Morgan (JPM) lost $1.5 billion in July. Reuters writes the UBS (UBS) posted a huge loss and will split itself into a wealth management operation and an investmen…
9:05pm ET
Banking, finance, and taxes
Cuomo Crushes Morgan Stanley (MS)
Morgan Stanley (MS) thought it could pull a "monkey see, monkey do" act with NY State Attorney General Andrew Cuomo. The investment house offered to buy back $4.5 billion in auction-rate securities…
7:29am ET
Investing
Can Small Businesses Escape From The Auction-Rate Securities Mess?
There has been a great deal of talk about how the New York State Attorney General and the SEC has done companies and individual investors a service by getting Merrill Lynch (MER),…
2:53am ET
Media
Media Digest 8/11/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters reports that UPS (UPS) is trying to buy Dutch rival TNT Reuters writes that credit unions are being hit by mortgage market problems. Reuters reports that GATX (GMT) is offering over…
11:29am ET
Banking, finance, and taxes
Banks Buying Back Auction-Rate Securities: More Write-Downs? (C)(WB)(UBS)(MER)(MS)
Now that Citigroup (C), UBS (UBS), and Merrill Lynch (MER) have agreed to buy back a total of about $40 billion in auction-rate securities, Wall St. will have to hazard a guess…
2:53am ET
Media
Media Digest 8/8/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, RBS (RBS) had $1.35 billion loss due to write-downs. Reuters reports that Google (GOOG) says its investment in AOL may be impaired. Reuters writes that Citigroup (C) and Merrill…
2:57am ET
Media
Media Digest 7/30/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, oil is nearing a 20% drop from its peak, moving into bear market range. Reuters writes that HP (HPQ), Yahoo! (YHOO), and Intel (INTC) are looking at ways to…
3:02am ET
Media
Media Digest 7/25/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Microsoft (MSFT) backed its internet spending plan and said it was done with negotiations with Yahoo! (YHOO). Reuters reports that the CFO of Wachovia (WB) is leaving.
2:50am ET
Media
Media Digest 7/23/2008 Reutes, WSJ, NYTime, FT, Bloomberg
According to Reutere, Yahoo! (YHOO) profits were down, but the company maintained its full-year forecast. Reuters reports that Wachovia (WB) posted huge write-offs and losses for the last quarter. Reuters writes that…
2:56am ET
Media
Media Digest 7/16/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, talks between Time Warner’s (TWX) AOL and Yahoo! (YHOO) and Microsoft (MSFT) are heating up. Reuters reports that GM (GM) is confident that it can compete even after making…
12:48pm ET
Banking, finance, and taxes
Singapore Now Holds 7.9% of UBS (UBS)
UBS AG (NYSE: UBS) has a filing today showing that based on action of July 10 the Government of Singapore Investment Corporation Pte. Ltd. effectively now holds a 7.9% stake in the…
Douglas A. McIntyre 5:02am ET
Banking, finance, and taxes
Why Financial Stocks Will Continue To Fall (FNM)(FRE)(LEH)(MER)(UBS)(WB)
Yesterday, a number of bank and mortgage company stocks began the day up sharply, with Fannie Mae (FNM), Freddie Mac (FRE), and Lehman (LEH) out in front. By the end of the…