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Tag Archives: UBS

Senator outraged over AIG funneling $2.5B to UBS

Wednesday, March 18, 2009

From Investment News… ~~~~ “Federal aid to American International Group Inc. that may have been funneled to UBS AG, the Swiss banking giant that settled a U.S. criminal investigation last month, drew the ire of Sen. Olympia Snowe yesterday. “It looks like we’re simply laundering this money through AIG,” the Maine Republican said at a [...]

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Made whole…

Thursday, December 11, 2008

Auction rate securities investors at Citi and UBS will be made whole under today’s settlement with the SEC… $ 30 billion of making whole… that’s lots of wholeness… These ARS settlements represent the first time that the major dealers have had to pay an onerous penalty for shoddy fixed income practices… there have been multi-million [...]

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Material…non-public…

Tuesday, October 7, 2008

 Yes… there is material, non-public information in the fixed income markets… and the former General Counsel of UBS is paying a big fine today for acting on non-public information to his advantage… from the Securities Law Prof Blog…  ~~~~ ” New York Attorney General Andrew M. Cuomo announced a $6.5 million settlement with David Aufhauser, a [...]

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