Ubs deals Study guides, Class notes & Summaries

Functions of a commercial bank - Answer collect deposits Make loans to businesses and individuals Provide accounts and cash management services Functions of an investment bank - Answer Helps companies issue debt and equity provides advice to companies regarding mergers, acquisitions, and sale of businesses Helps arrange financing for acquisitions Provides advice to companies involved in bankruptcy Makes markets in stocks, bonds, loans, and other financial products Glass-Steagall Act ...

Why UBS? - ANSWER - One of the largest banks in the world - Strong european presence with a goal to work in Europe when I get older - Have heard great things about culture and everyone I have met thus far has been incredibly helpful - Recent article shows UBS is turning their focus to earning more deals despite recent slip in IB performance - Want to be in an industry group specifically to become an expert in one area, especially one that will never go away like industrials. UBS considered o...

Barings [LOS] - answer-1. Describe how massive losses were incurred 2. Describe why true position was not noticed earlier 3. Describe role of External Auditors 4. Describe supervision done by Bank of England 5. Describe role of Financial Services Authority 6. Describe lessons learnt 7. Discuss events leading up to the losses, risks incurred & mitigating processes described Barings [Background] - answer-Collapsed in Feb 95. unauthorized trades in derivatives by Leeson Losses of £827m...

Tax Equivalent Yield - ANSWER The return that a taxable bond would need to yield in order to equal the yield on a tax free bond Tax Equivalent yield = Municipal bond yield / (1-tax rate) General Obligation Bonds - ANSWER a municipal bond that is backed by the issuer's full faith and credit or full taxing authority, with no project cited as the source of funds with which to repay the bond obligation --> may be paid back by tax revenues, fees, or the issuances of new securities Revenue ...