Diversified Capital Markets

Highland Capital Management LP won one of the three suits filed against it by UBS AG (NYSE: UBS). UBS filed three suits against Highland Capital in Feb, 2009 as Highland failed to provide acceptable additional collateral to UBS as part of an agreement when the market value of the original...

With the Federal Reserve showing signs of hiking the interest rate in the future, US Dollar is all set to climb new heights against the Euro. Geoffrey Yu, a London based currency strategist at UBS (NYSE: UBS), said the dollar “could challenge $1.30 versus the euro in a few weeks.” The dollar’s...

According to the chief economist of Bank of America (NYSE: BAC), the Fed's move to raise the discount rate signals that "the financial crisis is largely over." However, some economists feel that the FOMC may soften its "extended period" language at the next meeting, despite assurances to the...

According to headhunters, the likes of Bank of America Corp. (NYSE: BAC), and UBS AG (NYSE: UBS) are trying to poach bankers from competitors by offering almost double base salaries. UBS is poaching talent from rivals by paying as much as $470,000 to managing directors to join its securities unit...

Charles and Paul Huebner, a father-and-son broker team, along with John Jagger left UBS (NYSE: UBS) Wealth Management, to start their own independent investment advisory. They were part of the UBS Wealth Management team in Grosse Pointe, Michigan. Pointe Capital Management, the new advisory, is...

Credit Suisse Group AG (ADR) (NYSE: CS), the Swiss based bank, named Jon Kinol as the global head of interest rate products. Kinol will take charge in May, 2010, and he will be based in New York. Bank of America Merrill Lynch (NYSE: BAC) appointed London-based Paul Donofrio as the head of global...

"To be a real estate developer in this market today is oxymoronic. There won't be any large development projects, particularly in the US, for years so we are shifting to a fund management strategy and taking over and executing on others' developments." Mr. Ross, Head of New York-based Related...

According to the New York Times, HSBC Holdings Plc (NYSE: HBC) may be the latest banking giant accused of helping U.S. investors avoid paying taxes. The New York Times reported that investor Andrew Silva inherited $250,000 from his mother and deposited the money in a Swiss bank account in 1997 in...

Investor Andrew Silva has pleaded guilty to the charges of non-disclosure of $250,00 held at a bank under a fictitious name. Although the bank has not been named in the documents, however, according to the rumors the bank in question is HSBC (NYSE: HBC). HSBC (HBC) Bank has declined to comment. In...

Analysts David Palmer and Jeffrey Birnbaum at UBS (NYSE: UBS) have released a report reviewing the fourth-quarter at Kraft Foods, Inc. (NYSE: KFT). The company has reported results for the fourth-quarter today. The company managed to surpass EPS expectations. However, analysts believe that...

Shares of RenaissanceRe Holdings Ltd. (NYSE: RNR) were up more than 2% in early trading after the company's shares were upgraded from Hold to Buy and the price target raised from $59 to $65 by analysts at Deutsche Bank (NYSE: DB). It's the first upgrade the company has received in nearly a year,...

Deutsche Bank AG, (NYSE: DB) is planning to introduce a sliding scale to defer bonus payments to top bankers. The sliding scale will apply to bonuses for 2009, which are in excess of 100,000 euros. 25% of any amount over 100,000 euros will have to be deferred. As the bonus crosses a number of...

European Offshore accounts have lost $500 billion, or nearly 25% of their assets, to outflows over the last two years. The outflows come as the governments crack down on the use of tax havens and as business owners adapt to difficult economic conditions. The hard ball approach of the US government...

• Ingersoll Rand (NYSE:IR) posted fourth quarter earnings of 48 cents a share, below Zacks estimates of 53 cents, on inline revenues of $3.3 billion. The company raised its guidance range for 2010 by 20 cents to $2.20 to $2.60 a share • Deutsche Bank (NYSE:DB) upgraded PNC Financial to "buy" from "...

Credit Suisse Group AG (ADR) (NYSE: CS) has reported results for Q4. The bank posted a profit for the fourth straight quarter. Credit Suisse has had a strong start to 2010, and remains bullish about the outlook for the remaining year. “We are confident about our prospects for 2010,” Brady Dougan...