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UBS buoyed by corporate finance team

Bloomberg UBS Group AG relied on its corporate finance business to boost profit for the investment bank in a tough quarter for trading. The division that advises companies on mergers and helps them with share and debt sales generated 35 percent more income in the three months through September. Landmark transactions supported the performance, UBS said, while stock-related activities contributed ...

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Deutsche Bank sued $13 million over unpaid bonus

Bloomberg Deutsche Bank AG was sued by Colin Fan, the former co-head of its investment banking unit, for at least 10 million pounds ($13 million) over unvested share awards the lender said were cancelled after a probe into personal trades that breached conflict-of-interest rules. Details about Fan’s case were disclosed in a short claim form from July and the lender’s ...

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Boeing to gain as China agrees to recognise US safety approval

Bloomberg The US and China agreed to recognise the other’s aircraft safety approvals, which may boost the Asian nation’s burgeoning aviation industry and make it easier for companies like Boeing Co. to sell products there. The US-China Bilateral Aviation Safety Agreement was announced before President Donald Trump is set to travel to China. Trump will travel to China from November ...

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