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A Kuwaiti sheikh is suing UBS AG for $21.4 million, alleging the Swiss bank failed to pay him for helping it become lead arranger on a $9 billion asset sale by the Kuwaiti telecommunications operator Zain, a Dubai court heard on Sunday. The case
NewsApp NewsApp (Free) Read news as it happens Available on Rediff News All News S wiss bank UBS AG has decided to exit from its banking business in India and is planning to surrender its licence to the Reserve Bank of India (RBI) next week...
After lobbying hard to own a bank in India and battling allegations of money laundering, the Swiss US financial services group UBS AG on Friday surrendered its banking licence in India. The move comes at a time Indian business houses are seeking RBI'
Master client refers to an intermediary or go-between, which helps a client set up an offshore entity. Offshore Leaks Database have broken the law or otherwise acted improperly." Among Indians helped by UBS AG are Vijay Mallya of UB Group and tea
Thursday that former UBS AG and Citigroup Inc. trader Tom Hayes is accused of conspiring with employees of at least eight other financial institutions in an attempt to manipulate benchmark interest rates. Mr. Hayes was charged Tuesday with eight
British prosecutors have filed criminal fraud charges against former UBS and Citigroup trader Tom Hayes for allegedly trying to manipulate benchmark interest rates. Obama subtly suggested he's ready to let Bernanke step down from the Fed when the
An over-allotment option, or "greenshoe option," allows underwriters to issue up to an additional 15 percent of company shares in an initial public offering to stabilize the price of the stock. "The underwriter has option to buy or sell more shares
Britain's top fraud prosecutor is poised to bring criminal charges against former Citigroup Inc and UBS AG trader Thomas Hayes , who is alleged to have been a central figure in a scam to rig global benchmark interest rates, a source familiar with the
The logo of Swiss bank UBS is seen at the bank's headquarters in Zurich April 30, 2013. UBS AG lost a bid Tuesday to dismiss a whistle-blower lawsuit by a former commercial mortgage-backed securities strategist who said he was fired for refusing to
People stand on a terrace of an office building of Swiss bank UBS at the Paradeplatz square in Zurich April 18, 2013. After years of urging its financial advisers to sell more life insurance, UBS Wealth Management Americas is bringing in full-time