The Swiss National Bank sold the bailout fund of UBS for USD3.762 billion.
More than seven banks are changing projecting that the European Central Bank would cut its interest rates after its meeting this November.
The U.S. Supreme Court dismissed a shareholder derivative lawsuit filed against UBS by pension plans in Puerto Rico.
Analysts of UBS boosted their sales projections for Apple and increased their price target to USD560 per share.
Steve Milunovich, an analyst from UBS, said Apple's iPhone M would outsell the company's flagship smartphone iPhone 5s next year.
The Swiss National Bank said that they are open to sell back the UBS assets that they took on during the global financial crisis.
Swiss banking giant UBS settled with the US Federal Housing Finance Agency to pay USD 885 million to Fannie Mae and Freddie Mac.
According to analysts, Apple Inc would only cut US$50 on the original price of iPhone so that it could maintain gross margins range of 36%-37%.
According to UBS, Apple needed to enhance it services and earn from new products for US$500 each stock.
The lack of immediate upgrades from Apple was said to be accountable for the decreasing demand for high-end smartphones.
UBS stated that it outperformed other share-sale underwriters in the Southeast Asian Region thanks to big deals in Indonesia, Thailand and the Philippines.
Capital One Financial Corp. was negotiating with UBS regarding 250,000 square feet of offices on Park Avenue, Manhattan.
Wolfgang Schaeuble initiated exploratory talks with the chairman of UBS about its stake in Commerzbank.
UBS gained back the title of largest private bank
Britain would float its majority share in Royal Mail through an initial public offering this financial year.
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