FRANKFURT/ZURICH Talks have stalled between Deutsche Bank and UBS on a tie up of their asset management businesses due to differences over who would control the combined entity, people familiar with the matter said.
FRANKFURT/ZURICH, May 13 Talks between Deutsche
Bank and UBS to tie up their asset
management businesses have stalled, three people familiar with
the matter said.
BASEL, Switzerland UBS Group shareholders refused on Thursday to endorse the performance of the Swiss bank's leadership last year in a rare rebuke sparked by a French conviction for helping wealthy clients evade taxes.
ZURICH UBS shareholders should oppose discharging the board and top management of Switzerland's biggest bank from liability after a guilty verdict in a French tax evasion case, proxy adviser Institutional Shareholder Services (ISS) said.
ZURICH Sunrise Communications' top shareholder, German telecoms group Freenet, needs time to decide whether to support the Swiss group's plans to buy Liberty Global's Swiss UPC cable business, Freenet CEO Christoph Vilanek told Reuters.
ZURICH Sunrise Communications' top shareholder on Wednesday blocked plans to extend the company's right to issue fresh capital to 2021, complicating its bid to buy Liberty Global's Swiss UPC cable business for $6.3 billion.
ZURICH Banks should adopt alternative reference interest rates swiftly ahead of the expected end of Libor in 2021, said a Swiss expert and member of a panel developing the country's alternative rate for new corporate and private loans.