Financials (Legacy)

UBS to cut several dozen wealth management jobs: sources

UBS to cut several dozen wealth management jobs: sources

Published 03/11/2016

The logo of Swiss bank UBS is seen on a building in Zurich, February 13, 2013. REUTERS/Michael Buholzer/File Photo

UBS will cut several dozen jobs at part of its private bank, three sources familiar with the matter told Reuters, part of a previously announced organizational restructure.

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Credit Suisse posts surprise profit but predicts tough markets

Credit Suisse posts surprise profit but predicts tough markets

Published 03/11/2016

The logo of Swiss bank Credit Suisse is seen at its headquarters at the Paradeplatz in Zurich, Switzerland November 3, 2016. REUTERS/Arnd Wiegmann

Credit Suisse reported an unexpected net profit for a second quarter in a row on Thursday though the surprise was largely down to real estate sales and Chief Executive Tidjane Thiam cautioned the outlook remained challenging.

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Canadian teenager Stroll to race for Williams F1 team

Canadian teenager Stroll to race for Williams F1 team

Published 03/11/2016

Canadian teenager Lance Stroll will make his Formula One race debut with former world champions Williams next season, the team announced on Thursday.

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U.S. government, MetLife set for rematch over `too big to fail`

U.S. government, MetLife set for rematch over `too big to fail`

Published 24/10/2016

The MetLife building is seen in New York, March 8, 2010. REUTERS/Shannon Stapleton/File Photo

The U.S. government and the country's largest life insurer are set for a rematch in a U.S. appeals court on Monday over how federal regulators decide a company is "too big to fail," one of the most significant reforms to come out of the financial crisis.

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Bank rewards must promote good conduct: Fed`s Dudley

Bank rewards must promote good conduct: Fed`s Dudley

Published 24/10/2016

William Dudley, President of the New York Federal Reserve Bank, speaks at Brooklyn College in the Brooklyn borough of New York, March 7, 2014. REUTERS/Keith Bedford/File Photo

Banks need to continue to monitor the way they reward employees to ensure they promote good conduct, one of the top U.S. financial regulators said on Thursday.

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Investors find love for bonds again, except for munis

Published 24/10/2016

U.S.-based bond funds charged back into the good graces of investors during the latest week, attracting $3.4 billion, Lipper data showed on Thursday.

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Three private equity groups shortlisted in Xella sale: sources

Published 24/10/2016

Bain, Apollo and Lone Star have been shortlisted in the sale of building materials maker Xella, a potential 2 billion euro ($2.18 billion) deal, according to several people close to the transaction.

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Eaton Vance taking over responsible-investment manager Calvert

Published 24/10/2016

Eaton Vance Corp on Friday said it will take over Calvert Investment Management, once a trailblazer in socially responsible investing that lately has struggled with customer withdrawals and mispriced bonds.

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Team by team analysis of U.S. Grand Prix

Team by team analysis of U.S. Grand Prix

Published 24/10/2016

Team by team analysis of Sunday's U.S. Formula One Grand Prix (listed in championship order):

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Hamilton cuts Rosberg`s F1 lead with 50th win

Hamilton cuts Rosberg`s F1 lead with 50th win

Published 24/10/2016

Formula One F1 - U.S. Grand Prix - Circuit of the Americas, Austin, Texas, U.S., 23/10/16. Mercedes' Lewis Hamilton of Britain raises his victory trophy as second placed finisher and teammate Nico Rosberg of Germany (L) and third placed Red Bull's Daniel Ricciardo of Australia (R) look on during the victory ceremony. REUTERS/Adrees Latif

Lewis Hamilton celebrated his 50th Formula One victory on Sunday with a pole-to-flag U.S. Grand Prix drive that kept his title hopes alive and trimmed Mercedes team mate Nico Rosberg's lead to 26 points with three races remaining.

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