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UBS Group AG $UBS Total Debt (mrq) $649.4B
Price is extended. Their desperate. Putting out articles about how low the short interest is. Many downside gaps to Phil. PUTS. Pick a strike. IMHO!
Goldman Sachs raises 12-month gold price target to $2,050 as precious metals such as Silver, Platinum and Rhodium metals soar. $UBS
Huge Pump and now, The Dump! Run Fast.
This scam bank is insolent.
White collar criminals...
JAR Capital
UBS saved Credit Suisse...not!
Article about 'how much dumb money is still out there'. My guess is 'plenty'!
Suckas
Lodas: Thanks for the info. That is interesting and positive news. Cheers and GLTY
there is a story out today that the super rich in Russia have moved, and are moving their assets into european banking to protect them....Credit Suisse is known to be the bankers for the wealthy , and I would be surprised if money was not going there...the earnings were up with the integration of CS, and a long upward movement in the stock price has started after many years being in the dump.... cheers... Lodas
UBS share price is doing fine. The UBS chart is looking good, share price on a rising path since July.
The value of my CS shares that were bought by UBS are now almost close to cover all the loss I incurred with CS shares. That's good news for me.
Cheers & GLTY & GLTA
Not a peep about gold in the article.
There may be hope, for USB and CS
Top Brass from Central Banks have been being removed
by White Hat Worldwide Alliance shake-up. Banks are
keeping their mouth shut while restructuring.
Gold is the standard again and the wise guys are cleared out.
Gold price is weights and measures with demand. Fiat Manipulation is over!
Certificate notes will only be printed based on registered and vaulted supply.
Gold and Silver will rocket especially Silver as there is no substitute for Silver
and it's used in just about everything now days from cars to computers.
"NEW YORK, Aug 4 (Reuters) - UBS Group AG (UBSG.S) is poised to make sweeping changes to the senior ranks of its investment banking division globally as soon as Monday, marking a new milestone in the process of integrating Credit Suisse, people familiar with the matter said.
The changes are aimed at producing unified teams following the completion of UBS's emergency takeover in June of Credit Suisse.
The changes are broad and involve several dealmaking groups, including healthcare, consumer/retail, financial sponsors and equity capital markets, the sources said.
Under the shake-up some Credit Suisse bankers will take on bigger roles in the combined company while some others leave, the sources said. Some UBS bankers will leave the firm as a result of the reshuffling, the sources said.
The restructuring is the latest move by CEO Sergio Ermotti to integrate UBS and Credit Suisse in a process that the bank has said would be painful, with tens of thousands of jobs hanging in the balance."
Logos of Swiss banks UBS and Credit Suisse are seen on an office building in Zurich, Switzerland March 19, 2023. REUTERS/Denis Balibouse
One of the team heads who is in discussions about potentially exiting is UBS's global head of consumer products and retail deals, Jeff Rose, two of the sources said. Jon Levin, who has served as Credit Suisse's head of retail investment banking, is in talks to replace him, the sources added.
Matt Eilers, UBS's global head of financial sponsors, is also in talks about possibly leaving, two of the sources said. Rob DiGia, UBS's global head of healthcare, will remain with the bank and is in talks about assuming a chairman-level role, according to two separate sources among those familiar with the matter.
The sources cautioned that the changes have not been finalized and details of restructuring remained in flux. They asked not to be identified ahead of an official announcement. Rose, Levin, Eilers and DiGia did not respond to requests for comment. A UBS spokeswoman declined to comment.
Reuters reported earlier on Friday on the reshuffling of one of the teams, UBS's technology, media and telecommunications (TMT) group. The bank is in talks to name Laurence Braham, who joined the Swiss bank from Barclays Plc (BARC.L) earlier this year, as global co-head of technology, people familiar with the matter said.
His co-head would be Christian Lesueur, who has been global head of TMT investment banking, the sources added. Steve Pettigrew, who just joined UBS from Bank of America Corp (BAC.N), would be leading software M&A under Braham, according to the sources. Neil Meyer, who worked alongside Braham at Barclays and followed him to UBS, would co-lead media and communications dealmaking globally alongside Lesueur, the sources said.
UBS has been trying to regain dealmaking market share. It ranked eighth in Refinitiv's global mergers and acquisitions league table in the first half of 2023, down from sixth a year earlier. In the Americas, UBS was 14th in the first half, down from seventh a year earlier.
UBS's savings targets and indications from insiders and analysts suggest it might be looking at cutting about a third of the combined group's global workforce, or some 30,000-35,000 jobs, Reuters reported on Thursday.
Reporting by Abigail Summerville, Milana Vinn and David Carnevali in New York; Editing by Leslie Adler
https://www.reuters.com/business/finance/ubs-nears-major-investment-bank-restructuring-sources-2023-08-04/
Thanks for the information. I happen to be a CS shareholder. However, I a modest number of shares. Few of larger companies and their shares I owned have gone bankrupt on me for much larger ownership of their shares. C'est La Vie. GLTA
Does it really matter? Both will gone, shortly.
People get investing news from MSNBC????? Since when? Are they getting investing tips from "The View" also?
MSNBC is pumping this pig. Coming falling knife.
Make no mistake about it.
Good Luck
I see another Wamu type of court-fest that we will be watching for the next 20 years. See you in the year 2043. Most likely I will be dead or won't care. I barely care as it is.
UBS = U Bin Screwed Look for lawsuits from the $17B in CS bondholders who were wiped ~OUTT while common stock holders gott something. Conventionally, all bond creditors are senior to common stock. These wiped ~OUTT bondholders are likely to challenge this deal in court(s) - Suisse and USA and UK courts to block this deal. The bondholders will contend that the $3B should have gone to the bondholders, nott common stock. Or the bondholders should be allowed to CONvert their bonds to equity which would be $17B of new common stock issued to them, diluting the shit ~OUTT of existing CS common stock to essentially worthless.
Wow! That escalated quickly! From $CS could get $14, to $6, to a poison pill for it's buyer, UBS, all in two days. Yikes!
UBS: badd company -----> terrible company
This issue craters this week. It is like a struggling swimmer having a boat anchor tied around his neck - that is what the CS merger is.
As JOHN QUINN stated: "When you glue two rocks together they just sink faster"
UBS shareholders should be uber-pissed that SNB forced UBS into this shit sandwich. Brutal dilution in exchange for CS which has no real residual value and a negative book value.
What a gyp!
So UBS takes on Credit Suisse CS - is this the ultimate poison pill. Will see. Everything could be meat pretty soon.
This scam stock is going nowhere! MSNBC pumping Talking heads are selling viewers a line of pure bull shit. The bank is crashing.
This scam bank and partner in crime Credit Suisse are both being phased out and are going to need to merge to stay alive or go insolvent. The days of the corrupt Central Banks are coming to an end.
Strong Sell!
They maxed out the float like CS preparing for the end.
Fiat system being replaced with return of the gold standard.
Know This Trade Level For This Leading Regional Bank Stock
Since the start of November, leading regional bank stock, U.S. Bancorp (NYSE:USB), has been pulling back on the charts. On November 2, 2017, USB stock traded as high as $55.08 a share, today the stock is trading at $52.02 a share. The one negative for the stock is that it is trading below its 50 and 200-day moving averages. This chart formation tells us that the stock is vulnerable to lower prices in the coming weeks.
Traders must now watch the $49.00 area as the next major chart support level. This level was defended in September 2017 by the institutional money and it should be defended again when it is retested. It is always important for traders to know where they are wrong, so I would place a stop-loss below the $47.00 level using a weekly chart close. The upside targets for USB stock would be $55.00 as a first target and ultimately $60.00 a share as the final target.
Nicholas Santiago
InTheMoneyStocks
Beware of your paper Gold PHYSICAL METALS STAMPEDE coming up
HSBC sold fake Gold and Silver from Chile's PASCUA LAMA PONZI SCAM of Barrick and are GOLD + SILVER LESS plus cash less after conned by barrick and its team of financial terrorists.
HSBC selling royalties and making loans on Gold that BARRICK never owned!!
Holding the bag my hearties? you are in good company many banks are now sued and involved in Chile in the CRIMINAL RACKET PASCUA LAMA... wow
CREDIT SUISSE 35 million USD scam to steal PASCUA LAMA with Barrick and NEWMONT failed and they have a Chile Tribunals call with HCBC Scotia bank Deutsche Bank AG JPM the lot.... ah...private banker ANDRONICO LUKSIC of BANCO DE CHILE is one of the scammers at the center of the FINANCIAL TERRORISM
Credit Suisse tampered with the file for the benefit of Barrick via a NEW YORK LAWYER
MOTLEY'S settled an INSURANCE FRAUD with Barrick trying like SILVER WHEATON to fabricate title at PASCUA LAMA as done by barrick via PASCUA LAMA PROTOCOL in fabrication of mining titles that BARRICK never owned or had.
Big correction of GOLD + SILVER SHORTS in physical metals coming right up and at ya.
FULL STORY and maps
https://pascuachile.wixsite.com/mysite
1.05USD + 0,000001 contracted interest contract. below
https://pascuachile.wixsite.com/mysite-1
Look at the chart, alerts confirmed!!!$
Get over yourself!
Quiet forum for such an excellent company!
The govt. should remove their license to operate in the US because of fraud upon customers and the inability of this company to supervise their traders.
That is the way they operate. I worked there and I know, greed is the only thing that drives them. No commitment to their employees, shareholders, society. A few thugs run the place. Beware this is a poorly run company, and you will always find negative news on them and loss on stockholder value.
Yeah.......between nite and ubss, it's a toss up.......et z
I agree. Greed is the name of the game for UBS and they don't care how they go about making more money. It is a disgrace how they have naked shorted GOSY stock when the company is trying to do good for many people. All JMO of course.
Does UBS FACILITATE rather than REGULATE?
A 2011 article:
UBSS biggest POS out there....et z
Here is a blueprint off how UBSS helps the wealthy to launder money and steal from those not as privileged...
Is UBSS complicit in OTC naked shorting?
For the last couple of weeks UBSS has been sitting on GOSY's ask with 2,000,000 shares at $.0037 or less.
The purpose of that ask ceiling is to prevent GOSY's pps from moving up and forcing a massive naked short squeeze. It is a clear and intentional signal to other MM's that any upward movement of GOSY's pps due to "good news" will be thwarted. This is, imho, deliberate complicity by UBSS to artificially hold an OTC stock price down using their offshore relationships to hide the identities of those directing these manipulations.
Isn't that more unethical behaviors such as UBS hiding client identities and their funds from the IRS in order for their anonymouse clients to evade US taxes?
When GOSY's CEO complained to UBS's Chief Compliance Officer, Frederic Greenbaum, UBSS moved their ask down to $.003.
When GOSY's CEO complained again to Greenbaum, again, UBSS moved their ask down to $.0025.
When GOSY's CEO complained to UBS's Chief Counsel, Jonathan Eisenburg, regarding this obvious manipulation of GOSY stock and it being in violation of UBS's "Code of Conduct" and asked for an appropriate point of contact, Eisenburg referred GOSY's CEO back to the very people --as appropriate contacts for ethics code violations-- that GOSY was wishing to report as violating UBS's Code of Conduct!
That is unethical on the face of it!
sure not a penny stock pipedream lmao
ubs over priced
UBS posted net profit for the second Q 425 million
UBS - ripe for a breakout at the apex?
More ideas...Pattern Charts - FLAGS, TRIANGLES, WEDGES
Updating chart...
U.S. offers 11 Swiss banks deal to end tax row: paper
Reuters – 2 hours 24 minutes ago
ZURICH (Reuters) - U.S. officials are offering 11 Swiss banks, among them Credit Suisse (VTX:CSGN.VX), a deal that allows them to avoid criminal prosecution in exchange for revealing full details of their U.S. offshore business to Washington, a paper reported on Sunday.
Famed for the care with which it protects account holders' anonymity, the Alpine state has been forced to act by a series of U.S. probes into alleged tax evasion by Americans concealing their assets in Swiss banks.
In 2009, the Swiss parliament approved a deal to allow UBS (VTX:UBSN.VX) to reveal details of around 4,450 U.S. clients and pay a $780 million fine to end lengthy tax proceedings that had threatened the future of the country's biggest bank.
The Swiss government has been in talks with U.S. authorities for months to try to get an investigation into 11 banks dropped, in return for expected hefty fines on the banks and the handing over of the names.
Credit Suisse (VTX:CSGN.VX), Julius Baer (VTX:BAER.VX) and Basler Kantonalbank (BSKP.S) are among the banks under investigation.
Citing an unnamed source, the newspaper SonntagsZeitung reported that 11 banks would each be offered a deal like the one to which UBS agreed.
In exchange, the banks would have to accept U.S. requests for administrative assistance in tax evasion cases that would mean delivering all information on their U.S. offshore business via Bern to the United States, the paper reported.
The paper described a meeting between Swiss officials and representatives on Friday in Berne. The paper also said the banks would likely accept the deal.
Yet a spokesman for the State Secretariat for International Financial Matters (AMEX:SIF), which has represented the Swiss government in negotiations with the United States, said talks between the United States and Switzerland were still ongoing and that the meeting on Friday was part of a regularly scheduled series of talks. SIF Spokesman Mario Tuor declined further comment.
FURTHER DETAILS
As part of an agreement the names of the U.S. clients would be blacked out and the banks would also be fined, the paper said, adding that the banks had until Tuesday to agree to the terms in writing.
According to the paper, the information the banks would have to hand over included:
- Correspondence between a bank and its U.S. clients, including notes from telephone conversations and meetings.
- Internal notes about U.S. client business from the relevant business units and management
- Correspondence between banks and third parties, such as independent wealth managers concerning U.S. clients
- All documents about the U.S. business model and about U.S. funds that were transferred to third parties.
The paper said the 11 institutions would have to reveal the names of the bankers who conducted the offshore business, though criminal cases against individuals would not be taken up.
Credit Suisse, Basler Kantonalbank and HSBC Switzerland would have to deliver material by December 31, the paper said.
A spokesman for Credit Suisse declined to comment. The Swiss Bankers Association was not immediately available for comment. Neither was a spokesman for Julius Baer.
A spokesman for the State Secretariat for International Financial Matters, which has represented the Swiss government in negotiations with the United States, was also not immediately available.
(Reporting by Catherine Bosley; Editing by Jon Loades-Carter)
I wonder why UBS did not trade SPNG at the end??
Some say they were banded!
Not sure why??
Not sure why price rose today? - ID Supermoney
Maybe because they were naked short selling SPNG? We will never know why!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68386920
UBS - UBS fined in U.S. over "systemic" short-sale failure
By Jonathan Stempel |Reuters
(Reuters) - In the largest penalty of its type, UBS AG was fined $12 million by a U.S. brokerage regulator over the Swiss bank's "systemic" failure to properly handle millions of short-sale orders.
The Financial Industry Regulatory Authority said violations by the Swiss bank's UBS Securities LLC broker-dealer unit caused the orders to be mismarked or filled without reasonable grounds to believe the underlying securities could be located.
In short sales, investors sell securities they do not own, hoping the prices will fall so they can repurchase the securities later at a lower price and replenish their lenders. Regulators fear that abuses can distort markets, and accelerate declines in share prices.
FINRA said UBS' violations lasted from 2005 to 2010, and that the bank likely processed "tens of millions" of short sale orders for equities and exchange-traded funds improperly.
Many problems were not detected until FINRA's probe caused UBS to review its systems, the brokerage regulator said.
"Broad, systemic failures is the best way to describe it," said Brad Bennett, FINRA's chief of enforcement, in an interview. "The fine reflects the gaps in the system that we found. We didn't identify any specific delivery failures, but that could means the bank just got lucky."
UBS spokesman Christiaan Brakman said the bank was pleased to settle, and has made a "substantial investment" to improve its systems and oversight. It did not admit wrongdoing in agreeing to settle, and also accepted a censure. FINRA said the fine was reduced to reflect UBS' "substantial assistance."
"NAKED" SHORT-SALE ABUSES FEARED
FINRA said UBS violated Regulation SHO, a rule imposed in 2005 by the U.S. Securities and Exchange Commission to thwart abusive "naked" short selling, and ensure that brokerages can deliver shares on short-sale transactions they process.
Naked short sales occur when investors sell short without first borrowing the underlying shares or making sure they can be borrowed.
While the practice is not always illegal in the United States, the SEC has taken steps to limit abuses, including during the 2008 financial crisis when it restricted short sales of some financial stocks.
The SEC in July 2009 adopted a rule requiring that "fails to deliver" in all equity securities be promptly closed out.
"If there were failures to deliver, short selling would have the ability to affect the market, especially in hard-to-borrow, thinly-traded stocks," Bennett said.
In the last two years, FINRA fined Deutsche Bank AG $575,000, Milwaukee-based Robert W. Baird & Co $900,000 and Boston-based National Financial Services Inc $350,000 for Regulation SHO violations over their handling of short-sale orders. None admitted wrongdoing.
FINRA is an independent regulator that oversees nearly 4,500 brokerages.
(Reporting by Jonathan Stempel in New York; editing by Gerald E. McCormick and Tim Dobbyn)
http://news.yahoo.com/ubs-fined-us-over-systemic-short-sale-failure-140557982.html
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