Stephen Hester | Observer

By Patrick Clark 7/31/12 7:42am

UBS Puts $356 Million Loss on Facebook IPO; Swift Trade Set to Settle Finra Inquiry: Roundup

Faceplant: UBS saw profit fall 58 percent in the second quarter. The firm wasn’t helped by a $356 million loss connected to Facebook’s initial public offering, in which technical glitches at Nasdaq caused UBS to buy more shares than its clients had ordered. “We will take appropriate legal action against Nasdaq to address its Read More

By Patrick Clark 7/30/12 7:46am

Morning Read

RBS Tied Up in Libor, Says CEO Hester; Matt Zames Up at JPMorgan After Whale Sell-Off: Roundup

Daily Libor: Royal Bank of Scotland chief executive officer Stephen Hester told The Guardian that ”RBS is one of the banks tied up in Libor. We’ll have our day in that particular spotlight as well.” At least two banks have joined Deutsche Bank in cooperating with European investigations into the rigging of Libor and Read More

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UBS Puts $356 Million Loss on Facebook IPO; Swift Trade Set to Settle Finra Inquiry: Roundup

RBS Tied Up in Libor, Says CEO Hester; Matt Zames Up at JPMorgan After Whale Sell-Off: Roundup

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