Hints and tips:
...The “US Basel III proposals are actually fighting yesterday’s war”, UBS chair Colm Kelleher told the FT....
...People familiar with the activist’s strategy said Cevian was not seeking a board seat at UBS and supported current chair Colm Kelleher and chief executive Sergio Ermotti....
...Once considered among a group of potential candidates to succeed Gorman as chief executive, several of Morgan Stanley’s top executives have left in recent years, including Colm Kelleher who went on to become...
...“Investors are specifically allowed to vote on proxies,” said Dennis Kelleher, chief executive of the Better Markets campaign group....
...The decision has led to up to $9bn of legal claims, but Kelleher said it was a decision that UBS had nothing to do with....
...His comments follow a similar warning from UBS chair Colm Kelleher, who on Tuesday said that private credit funds could create a “crisis of confidence” that could lead to a major crash in a downturn....
...Stephen Scherr has stepped down as chief executive of car rental chain Hertz....
...UBS’s chair is trying to close the valuation gap on the likes of JPMorgan — the highest-valued US lender — and Morgan Stanley, where Kelleher spent most of his career....
...“Animal spirits need to be there,” he said on Tuesday in an interview with Stephen....
...Additional reporting by Stephen Morris...
...Kelleher initially took Hamers under his wing and attempted to brush up his communications skills....
...“His application is going to be ruled on by people who used to be his subordinates,” said Dennis Kelleher, a lawyer who is the head of Better Markets, an organisation that lobbies for stricter banking regulations...
...Others like Blackstone’s Stephen Schwarzman were more optimistic, saying that inflation was lower than perceived, according to his firm’s data, and that rate cuts would come sooner....
...Kelleher was more blunt. “It’s a historic day, and a day we hoped would not come,” he said....
...Here’s UBS chair Colm Kelleher: Colm Kelleher This transaction supports financial stability in Switzerland and creates significant sustainable value for UBS shareholders....
...We view them as a worthy competitor going through a crisis,” said Kelleher....
...The FT’s Stephen Gandel and DD’s Sujeet Indap go deep into the “hard to fluster” adviser’s unconventional path to writing the restructuring playbook....
...“UBS will remain rock solid,” said UBS chair Colm Kelleher, who will continue to lead the combined entity with chief executive Ralph Hamers....
...We’ve got a great line-up of speakers, including Nick Moakes, chief investment officer of the Wellcome Trust; Nigel Wilson, departing chief executive of Legal and General; and BlackRock’s head of Emea Stephen...
...Dennis Kelleher, president of the advocacy group Better Markets, supported JPMorgan’s efforts to reclaim compensation but argued that the buck should not stop there....
...UBS chair Colm Kelleher has said that he “intends to downsize Credit Suisse’s investment banking business” so that it accounted for no more than 25 per cent of the group’s risk weighted assets” and “align...
...There has been some tweaking [of strategy], we know we need to grow, UBS is subscale in the US,” Kelleher said at the FT Blobal Banking Summit in London on Wednesday....
...Additional reporting by Stephen Gandel in New York...
...At the press conference announcing the deal, UBS chair Colm Kelleher made a pointed remark, saying the bank would curtail Credit Suisse’s investment bank where the losses have escalated, to align it more...
...It is absolutely necessary for the financial structure of Switzerland,” said an adamant Kelleher....
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