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UBS GAM slashes expenses amid weak environment

A cost-cutting drive helps asset management unit deliver a sharp rise in profits amid a weak business backdrop for fund managers

Investment bank exceeds 'low expectations' with better-than-expected underlying performance in the first quarter – as wealth unit is boosted by inflows

ICE profits hit record as energy commissions rise

The derivatives exchange beats expectations despite a fall in daily trading volumes

AllianceBernstein has net outflows of $12.1bn

Profit at the fund manager fell 36% after outflows of investor cash in every quarter since 2008

Arle Capital Partners finishes first year in black

The former buyout arm of Candover records profit of £7.9m for 2011, helped by significant reductions to its cost base

Banks are set to spend more than $1bn this year on the back-office technology that underpins listed-derivatives trading

Fixed-income funds were responsible for the lion’s share of inflows to long-term funds in the first quarter of 2012, according to a new report

BofA Merrill salesman links up with ex-BlueCrest duo

Mike Ward, whose imminent departure from the US bank was reported by Financial News yesterday, is to join hedge fund startup C8 Investments

Vix demand helps CBOE weather tough first quarter

Chicago-based exchange operator CBOE Holdings outperformed its biggest rivals in the first quarter, as its monopoly position as a provider of Vix index products left it perfectly placed to benefit from investor demand

Montagu strikes deal with Apax for former Emap division

Montagu Private Equity is to buy the CAP vehicle valuation unit for a reported £150m as media company looks to divest assets

The sale is accompanied by reports from the UK manager of weak appetite for some of its own funds, as other pension funds do buyout deals of their own

Revenues at the UK arm of the Russian investment bank were more than offset by the cost of boosting its sales force last year

Thomson Reuters outlines new Eikon rollout plan

Sales of the group's news and data platform will be rolled out market-by-market after a disappointing first year of sales

Chart of the Day: Money supply up, but lending goes down

Importers and exporters are the latest to suffer from a retrenchment in bank lending, as banks pull the plug on trade financing

UBS first quarter net profit falls on accounting loss

The Swiss bank's net profit fell from a year earlier because of an accounting loss on its own debt, but it said it saw a 'partial recovery' in client activity levels

Virginia court dismisses claims against BNY Mellon

Lawsuits against the bank sought damages of more than $2bn, but the state's attorney general will have to decide on a next step

https://www.wsj.com/?type=allesseh_content_full_list

UBS GAM slashes expenses amid weak environment

UBS shows glimmer of new era turnaround