UBS AG (UBS)
30 Jul 2014
|Market Cap (Mil.):||$69,416.38|
|Shares Outstanding (Mil.):||3,843.85|
(The following statement was released by the rating agency) PARIS, July 30 (Fitch) Fitch Ratings says that UBS AG (UBS; A/Stable/a) saw solid 2Q14 operating performance in all of its businesses, which are largely geared towards wealth management and retail activities. The results, however, continued to suffer from litigation and regulatory costs and highlighted that UBS's accelerated downsizing of its non-core and legacy portfolio exposure might translate into higher costs. The results have
ZURICH, July 30 - The UBS Swiss consumption indicator rose to 2.06 points in June from 1.80 (1.77) points in May, the Swiss bank's economists said on Wednesday.
ZURICH - UBS AG booked a near $300 million charge in the second quarter mainly to settle claims it helped wealthy Germans to dodge taxes, the latest in a string of lawsuits that have targeted its private banking business.
NEW YORK - UBS AG is facing claims of more than $600 million from clients who say the bank is responsible for losses they incurred on investments in risky Puerto Rico debt, UBS said in its quarterly report on Tuesday.
NEW YORK, July 29 - UBS AG is facing claims of more than $600 million from clients who say the bank is responsible for losses they incurred on investments in risky Puerto Rico debt, UBS said in its quarterly report on Tuesday.
* Cooperating with dark pools probe (Adds reference to dark pools investigation, Deutsche Bank, background)
(Adds futures, further details, company news) EDINBURGH, July 29 - European shares were set to rise on Tuesday, recouping the previous session's falls, with better-than-expected corporate results set to give the financial sector a boost. Germany's Deutsche Bank and Swiss bank UBS both posted profits that beat consensus forecasts, even as the latter booked a 254 million euro ($341.25 million) charge in the second quarter mainly to settle claims it helped wealthy Germans to dodge
* Ontex Group Nv announces the exercise of the over allotment option and end of the stabilisation period in relation to its initial public offering
PARIS/ZURICH - A 1.1 billion euro ($1.5 billion) guarantee payment demanded by French judges of Swiss bank UBS reflects the size of the fine it could pay if found guilty of helping wealthy French customers avoid tax, the French prosecutor's office said on Thursday. | Video
* France probing UBS over allegations it aided tax evasion
|Citigroup Inc (C.N)||$50.00||+0.58|
|Bank of America Corp (BAC.N)||$15.58||+0.24|
|Bank of America Corp (BAC_pa.N)||--||--|
|HSBC Holdings plc (HSBA.L)||641.50p||+4.00|
|JPMorgan Chase & Co. (JPM.N)||$58.91||+0.27|
|Wells Fargo & Co (WFC.N)||$52.10||+0.56|
|Wells Fargo & Co (WFCNP.PK)||$0.57||-0.04|
|Wells Fargo & Co (WFC_pl.N)||$1,217.50||-3.81|
|Goldman Sachs Group Inc (GS.N)||$175.76||+0.22|
|Deutsche Bank AG (DBKGn.DE)||€26.35||-0.36|
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