At UBS, how long will Ospel hang in? Swiss titan posts loss, confirms write-downs exceeding $18 billion

Article Abstract:

Fourth-quarter net loss for Swiss bank UBS AG totaled $11.23 bil, including a write-down of $13.7 bil on investments linked to US subprime mortgages. This is UBS's first full-year net loss since 1997. Ethos, a Swiss activist shareholder, has called for the firm to examine a replacement for Marcel Ospel, who has significant operational influence as chairman.

Strategy & planning, Planning, Switzerland, UBS AG, Investor relations, Company business planning, Ospel, Marcel, Financial report

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J.P. Morgan's rebound puts a new twinkle in Dimon's star

Article Abstract:

J.P. Morgan Chase and Co. of the United States has posted $2.4 billion for 3rd quarter revenue that blew out forecasts. James Dimon the Chief-Executive-in-waiting has seen a strong rally by investors in a year that has been a rollercoaster for securities and revenue performance for the banking giant.

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J.P. Morgan: If it moves, try to cut it

Article Abstract:

J.P. Morgan Chase and Co.'s Chief Executive Officer Jamie Dimon is planning to pare in the budget of the bank.

Finance, Company financing

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