INVESTMENT

IBTimes Logo

UBS board has no one lined up to succeed CEO

No successor has yet been lined up to follow UBS chief executive Oswald Gruebel, the chairman of the Swiss bank's executive board was quoted as saying in a newspaper interview on Saturday.

Rep Frank says banks recognizing reality

IBTimes Logo
Barney Frank, the powerful chairman of the House Financial Services Committee, said on Saturday a reported move by banks to agree on a global wind-down fund was a major recognition of reality.

UK's Turner criticises carry trade - report

IBTimes Logo
The chairman of Britain's regulator the Financial Services Authority branded so-called carry trades economically valueless, the Times reported on its website on Friday. Adair Turner said banks and hedge funds that borrowed cheaply in U.S. dollars to bet on higher yielding investments in emerging markets were adding no value to the real economy, the paper said.
More news
IBTimes Logo

Stocks falter as fiscal worry offsets data

Stocks retreated to near breakeven in choppy trade on Friday, paring earlier strong gains as worries about fiscal troubles buffeting Europe offset reassuring reports on the economy.
IBTimes Logo

Wall St falters as fiscal worry offset data

Stocks retreated to near breakeven in choppy trade on Friday, paring earlier strong gains as worries about fiscal troubles buffeting Europe offset reassuring reports on the economy.
IBTimes Logo

Stock futures signal gains; Microsoft eyed

Stock index futures pointed to a flat to higher open on Wall Street on Friday, with futures for the S&P 500 up 0.2 percent, Dow Jones futures up 0.1 percent and Nasdaq 100 futures up 0.4 percent at 3:17 a.m..
IBTimes Logo

Developed market funds suffer investor redemptions

Investor concern about tightening lending conditions in China and deteriorating finances in Greece and Japan led them to pull cash out of developed market equity funds for debt funds in the week ended January 27, fund tracker EPFR Global said late on Thursday.
IBTimes Logo

Icahn seeks to nominate 3 to Biogen board

Biogen Idec Inc said on Thursday it has received notice from billionaire investor Carl Icahn that he intends to nominate three people to its board as he seeks to expand his influence at one of the world's biggest biotech companies.
IBTimes Logo

Stock futures up after Obama speech, Procter, Ford earns

U.S. stock index futures were higher on Thursday in the wake of President Barack Obama's State of the Union speech, which had no new plans to tighten Wall Street oversight, and after strong results from Procter & Gamble and Ford.
IBTimes Logo

Fed, techs lift Wall St; futures cheer Obama

Stocks rose on Wednesday after the U.S. Federal Reserve pledged to keep interest rates near zero and stock futures signaled more gains ahead after President Barack Obama struck a conciliatory tone on banks in his State of the Union speech.
IBTimes Logo

Swiss government moves to save UBS tax deal

The Swiss government is to talk to the U.S. authorities in a bid to resolve a legal impasse that has threatened to derail a key tax deal over UBS client data, it said on Wednesday.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.