UBS chief executive Carsten Kengeter is set to leave “after a short transition,” reports ft.com. Sam Molinaro will take over his role. Read more. The news comes after UBS was fined yesterday for exposing customers to unacceptable risk in the selling of an investment fund. The Swiss bank has recently been plagued with Libor scandal. […]
There’s a new covered bond in town. Germany’s Commerzbank is set to launch a covered bond backed by loans from small and mid-size businesses, rather than mortgages or public sector loans, reports ft.com. If successful, other banks may follow suit. Read more. Also read: CMHC announces covered bond framework RBC debuts SEC-approved covered bonds Why […]
The Federal Reserve’s vice chair, Janet Yellen, says the U.S. should focus on creating jobs.
Though many analysts are discounting China, they might be making the wrong bet.
Are your clients sticking with their 2013 financial resolutions? If not, offer them some inspiration.
IntercontinentalExchange (ICE) plans to change some of the “absurd” practices on U.S. equity markets, reports ft.com. This includes rebates offered to market participants by some trading venues, says chief executive Jeff Sprecher. Read: ICE to buy NYSE Euronext for $8.2 billion Some of the recent missteps include Knight Capital’s trading error, and Facebook’s failed IPO. […]
When selling or merging your practice, protect yourself and your clients first.
Global economies are showing signs of growth, but your clients are still wary of the future.
The Canadian real estate market has reached a turning point, with falling prices and property that won't sell.
Last May’s error-ridden Facebook IPO was the result of a Nasdaq system failure — a millisecond blip that caused a 20-minute delay in trading, reports ft.com. Now, the exchange operator is in talks with U.S. regulators over a potential settlement on the issue. Read more. Also read: The “Facebook cliff” Facebook IPO provides lessons for […]