All posts tagged "UBS"
-
365ChinaMorgan Stanley, JP Morgan Take Control of China JVs
Morgan Stanley has become the latest foreign firm to control a securities JV in China, while JP Morgan becomes the first foreign firm to own a majority stake in an asset management JV.
August 6, 2019 -
363EnforcementSFC Imposes Lifetime Ban on Former UBS Adviser
More than 10 years ago, the adviser accepted HK$1.4m in bribes from a client, paid at a rate of 20% of portfolio gains.
August 6, 2019 -
528EnforcementFive Major Banks Face UK Class Action in FX Rigging Case
The class action, estimated to be worth more than $1.2bn for trades executed in the UK, follows a similar-size fine levied against the banks by the European Commission in May.
July 31, 2019 -
414Capital RegulationUS Regulators Approve 82 Foreign Banks’ Resolution Plans
The Fed and FDIC have accepted the resolution plans of 82 foreign banks, and granted an extra year extension before the next resolution plans need to be submitted.
July 31, 2019 -
661China
JPMorgan, Morgan Stanley to Take Control of China JVs
JPMorgan is likely to become the first foreign firm to gain a controlling stake in an asset management joint venture in China, while Morgan Stanley may soon control its China securities unit.
July 6, 2019 -
761ChinaChina to Remove Foreign Ownership Limits a Year Early
Premier Li Keqiang said at the World Economic Forum in Dalian that foreign ownership limits in the financial sector will end in 2020, ahead of schedule.
July 3, 2019 -
656ChinaShanghai Court Jails Former UBS Banker for Insider Trading
The banker disclosed deal information to two associates in 2017, allowing them to profit from inside information related to Cosco Shipping's acquisition of Orient Overseas.
June 24, 2019 -
1.0KFeatureSingapore Bourse Pushes into Foreign Exchange Market
SGX wants to reduce its reliance on equity index derivatives by aggressively pushing into the FX markets over the next five years.
June 12, 2019 -
719EnforcementSwitzerland Fines Five Global Banks Involved in FX Trading Cartel
Adding to the European Commission's $1.2bn fine last month, Citigroup, Barclays, RBS, JP Morgan and MUFG have been fined $91mn by the Swiss Competition Commission.
June 10, 2019 -
488EnforcementSFC Fines China Merchants Securities for IPO Sponsor Failures
China Merchants Securities was a joint sponsor with UBS – fined in March – for the 2009 IPO of China Metal Recycling, which was found to have fabricated financial information.
May 28, 2019
