Topic: Securities and Commodity Contracts Services
UBS client outflows increase
Reuters US Online Report Business News
ZURICH (Reuters) - UBS <UBS.N> clients withdrew money at twice the expected rate in the fourth quarter, eclipsing the bank's first net profit since Oswald Gruebel took the helm a year ago and raising concern he will struggle to steady the ship. Gruebel, the banking veteran who ...
Macquarie outlook disappoints; shares slide 7 percent
Reuters US Online Report Business News
SYDNEY (Reuters) - Macquarie Group <MQG.AX>, Australia's top investment bank, forecast a disappointing second-half profit and gave an outlook that raised worries about its key equity business, sending its shares sliding 7 percent. Macquarie warned in its trading update that some market conditions were weakening, creating concerns ...
CIT names ex-Merrill CEO Thain as chairman, CEO
AP News
CIT Group names former Merrill Lynch CEO John Thain to lead as chairman and CEO of lenderJohn Thain is getting a second chance. CIT Group Inc., the lender that is trying to regain its former stature after almost collapsing during the financial industry crisis, said late Sunday it has hired ...
E*Trade cuts trading fees as price war escalates
Reuters US Online Report Business News
NEW YORK (Reuters) - E*Trade Financial Corp <ETFC.O> will cut trading fees for low-volume customers, the U.S. online brokers said on Friday, making its move in a pricing war that erupted among rivals in recent weeks. The company said all customers will pay $9.99 or ...
Related Videos by 5min
on OneRiot
Related Photos by Flickr
