UBS pays 265 million dollars for Schwab capital markets business
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Swiss banking group UBS said that it had paid 265 million dollars (219 million euros) to buy SoundView, the capital markets division of online broker Charles Schwab to strengthen its position on the US Nasdaq market.
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Charles Schwab Corp. (NYSE: SCH) became a powerhouse because of its innovation. Then again, the company had a laser focus: providing low-cost, quality services for retail investors.
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Bank of America Corp.  on Monday said it will buy Charles Schwab Corp.'s  U.S. Trust Corp. unit for $3.3 billion to expand in the lucrative business of managing money for the rich.
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NEW YORK -- Retail brokerage firm Charles Schwab Corp. said Wednesday its fourth-quarter profit fell 34 percent from results a year ago that included a tax gain and earnings from its former U.S. Trust wealth management unit that has since been sold.
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UBS AG is expected to buy Charles Schwab Corp.'s institutional research and trading unit for about $265 million, a source familiar with the matter said yesterday.
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Discount brokerage Charles Schwab Corp.  posted a 16 percent increase in second-quarter profit on Tuesday as new policies to attract clients paid off.
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UBS AG, the Swiss investment-management company, said Monday it agreed to buy Julius Baer Holding AG's wealth management operations in the United States for an undisclosed sum.
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Charles Schwab Corp. (SCH.N: Quote, Profile, Research) on Tuesday said it had agreed to pay a fine of $350,000 to settle SEC enforcement proceedings related to the processing of mutual fund orders.
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ZURICH, Switzerland  -- UBS AG on Thursday posted a fourth-quarter net loss of $11.28 billion, and a loss for the entire year, besieged as other banks were by investments in U.S. subprime mortgages.
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Brokerage giant Charles Schwab Corp. agreed yesterday to pay $350,000 to end a Securities and Exchange Commission investigation into allegations that its brokers improperly allowed some
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Bank of America Corp.  agreed  to pay $26 million to settle regulatory charges that it issued  false equity research, and let its own traders misuse analyst  reports to generate improper profits.
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Citigroup said in a research note that UBS  could face up to 20 billion Swiss francs ($18.10 billion) in new writedowns in 2008 after revealing it has $80 billion in exposures to subprime loans and other debt.
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Charles Schwab Corp., the biggest US discount brokerage, said on Thursday it plans to sell its three seats on the New York Stock Exchange, citing the recent sale of its capital markets and trading business to Swiss banking giant UBS .
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THE REGION Fidelity Investments, the world's largest mutual fund manager, said it reduced the cost of online stock trades by one-third for entry-level brokerage customers, keeping pace with Charles Schwab Corp. Fidelity lowered commissions for ''bronze-level&quot; clients by $10 to $19.95 a trade, the Boston-based company said. The bronze level accounts for two-thirds of Fidelity's customers, spokesman Adam Banker said. ...
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Analysts welcomed news reports that UBS  AG UBSN.VX was set to buy Charles Schwab's SCH.N  institutional research and trading unit for $265 million on  Monday, saying it would fortify the bank's market activities.
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Fidelity Investments will pay $3.75 million in fines for supervisory failures, including allowing traders to accept gifts like Super Bowl tickets and chartered flights, NASD, the brokerage industryâs main regulator, said yesterday.
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Struggling to get back to basics, Charles Schwab Corp. on Tuesday said it is selling its institutional investment and research division, Schwab SoundView Capital Markets, for $265 million.