Tag Archives : ubs

UBS consumption indicator: Christmas trade lifts mood in retail sector

The UBS consumption indicator climbed to 1.43 index points in November from 1.26. This rise was due to a higher assessment of business conditions in the retail sector, although weaker figures for new car registrations prevented a steeper increase

Potential Wal-Mart (WMT) SEC Fine Could Be Massive: Securities Lawyer

Wal-Mart Stores, Inc. (NYSE:WMT) could eventually face a heavy fine from the Securities and Exchange Commission over allegations last year that its employees in Mexico bribed officials to boost its business, according to one former SEC attorney.

Serious Fraud Office charges two brokers over Libor rigging

Former RP Martin inter-dealer brokers Terry Farr and James Gilmour charged with conspiracy to defraud The Serious Fraud Office has charged two brokers with conspiracy to defraud as part of its ongoing investigation into the rigging of Libor. The two men, who formerly worked for inter-dealer broker RP Martin, were arrested in December along with Tom Hayes, who last month was charged with eight counts of conspiracy to defraud.

2012: A big hand for everyone who gave business a bad name

Computer meltdowns, government cock-ups, inflated floats, on-off mergers, tax avoidance, Libor-rigging … when the financial news wasn’t farcical, it was often plain criminal This has been a vintage year – maybe not for business but for commercial farce and scandals. So the Observer ‘s business awards committee was deluged with entries as it met to dole out this year’s gongs.

City trader Kweku Adoboli in court over £1.4bn UBS loss

Jury sworn in at start of trial expected to last eight weeks at Southwark crown court A jury was sworn in at Southwark crown court on Monday to hear the case of Kweku Adoboli, a City trader who is accused of causing £1.4bn of losses for his former employer, the Swiss bank UBS. Adoboli, 32, from Whitechapel, east London, attended the court in a dark suit and red tie at the start of his trial for two counts of fraud and two counts of false accounting