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UBS Wealth Assets Grow by $30bn Boosted by Chinese and Indian Millionaire Rise
UBS gain the most out of any wealth management operation, including Credit Suisse and HSBC.
Singapore's SMRT Decides Against Carlyle's Addison Lee Auction
Addison Lee handles 10 million passenger journeys a year.
Banks Agree to Overhaul Rules Governing $700tn Derivatives Market
18 major banks have agreed to give up right to 'close out' deals on derivatives contracts if financial institutions run into trouble.
European and American Banks Consider One-Stop Bond Shop
HSBC, BNP, Credit Suisse, Goldman and JPMorgan to pay for the initial phase of consultancy work.
Pimco May Suffer Outflows of Over $200bn
Credit Suisse cuts rating on Pimco parent Allianz SE to neutral from outperform.
India's Supreme Court Scraps Most Coal Mine Permits Awarded Since 1993
India's Supreme Court cancels 214 of 218 coal mine permits given to firms since 1993.
Alibaba IPO: Underwriters Expect Shares to 'Pop' 10% to 15% on NYSE Debut
35 to 40 institutions, including BlackRock, have placed orders for $1bn or more shares each.
US Fed Warns Credit Suisse Over Risky Buyout Loans
Bank recently received letter from Federal Reserve, known as 'Matters Requiring Immediate Attention'.
Credit Suisse Investigating Alleged Misconduct by Employees at London Desk
Wall Street Journal earlier reported that bank suspended a senior employee for improper sharing of client information via chat room.
India: Cancellation of Coal Mining Licences to Inflate Import Bill by $3bn
India's Supreme Court has held as illegal coal mining licences awarded to various firms between 1993 and 2009.
Alibaba Group Could Price US IPO at 22% Discount
China's e-commerce giant defers NYSE listing until after September Labour Day holiday.
UBS Retains Private Banking Crown as Assets Near $2tn
UBS overtook Bank of America to top ranking of world's leading wealth managers in 2013.
US Court Fines British Banker David Higgs for Hiding $100m in Subprime Liabilities
Higgs, a former London-based Credit Suisse trader, has been spared prison.
Deutsche Bank Under Asia Hiring Probe
In the past, US authorities have targeted Morgan Stanley and JPMorgan in recruitment probes.
India Reforms Drive: PM-Elect Narendra Modi Mulls Breakup of Behemoth Coal India
Barclays estimates Indian mining sector needs $20bn in investment.
Credit Suisse Slapped With Huge Fine Over Tax Evasion
The Swiss giant has agreed to pay a $2.6bn as it becomes the first bank to plead guilty to criminal charges in the US for decades.
Could Credit Suisse Alleged Tax Evasion Crimes Match James Bond Bankers of UBS?
Credit Suisse facing much harsher reprisals than UBS in 2009 if tax investigators find against it
Wall Street IPO Underwriting Frenzy Spawned by 80's Goldman Sachs Move
Equity underwriting, among Wall Street's most profitable activities, commands 40% pretax profit margin.
BNP Paribas and Credit Suisse May Face Criminal Charges on Tax and Sanctions
BNP Paribas and Credit Suisse may face criminal charges rather than being allowed to buy their way out of trouble.
FCA Fines on Senior Bankers Drop 40% in Four Years
Financial Conduct Authority issued 18 fines to finance workers in 2013, from 30 in 2010.
Lawsky Holds Credit Suisse in Crosshairs Over US Client Tax Probe
Cash penalty can trump $780m deal between Swiss bank UBS and US authorities.
Blackstone to Acquire US Conglomerate Gates for $5.4bn
Private equity firm Onex and Canada Pension Plan Investment Board to exit their investment in Gates.
FX Fixing Scandal: Swiss Regulator Weko Opens Fresh Probe
RBS, Barclays, UBS, JPMorgan, Citigroup, Credit Suisse, Julius Baer and Zurich Cantonal Bank being probed.
Swiss Immigration Controls Threaten Economic Growth
Swiss National Bank estimated immigration drove national output almost 5% above pre-crisis levels.
European Banks Have Loaned Over $3tn to Emerging Markets
British banks had $518bn exposure to Asia-Pacific region in September 2013.
Lenovo Buys IBM Server Unit For $2.3bn Amid PC Downturn
Deal is biggest-ever tech acquisition by a Chinese firm.
Credit Suisse Sued by Chinese Entrepreneur For Unauthorised Security Trades
China Green Agriculture chairman Li Tao said Credit Suisse failed to explain risks on some trades.
Man Group Denies It Misled Richard Desmond Over 'Incomprehensible' Derivatives Deal
Richard Desmond suing Man Group subsidiary GLG Partners for about £20m.
More Swiss Banks Fall in With DoJ Scheme to Expose US Tax Evaders
More Swiss banks are agreeing to cooperative with US authorities in the face of prosecution for hiding taxable assets from the IRS.
UK Bank Computers Become Part of Malicious Conficker Botnet
Computers in some of the UK's biggest banks have been infected and become part of giant networks of infected computers.