Institutional Securities, Trading News

By JULIA WERDIGIER

UBS said on Wednesday that profit fell 54 percent in the first three months of the year after investment banking income dropped and the Swiss bank took an accounting charge on its own debt.

Net income fell to 827 million Swiss francs ($910 million) in the first quart ...

Facebook’s long-awaited initial public offering will come in the third week of May, according to a report in AllThingsD.

The tech blog’s co-founder Kara Swisher broke the news Monday, citing multiple sources (and boasting that she called 143...). A May IPO would mean Facebook has ...

By Mark Gongloff

Q: What’s the difference between AAA and AA+? That doesn’t sound so bad.

A: It’s not so bad — and there’s not much difference. Technically, AA+ is considered “high grade” credit, while AAA is “prime.” The likelihood of getting paid back by a AA+ credit is c ...

By SUSANNE CRAIG

Goldman Sachs on Tuesday reported profit of $1.05 billion, more than double last year but lower than what analysts were expecting.

The performance of the investment bank, which had largely shed the legacy of the financial meltdown, reflects the new reality on Wall Street ...

BY ERIC DASH

Wells Fargo, the nation’s biggest consumer bank, said profit rose 29 percent in the second quarter from the period a year earlier as loan losses eased significantly.

The bank reported record second-quarter earnings of $3.9 billion, or 70 cents a share, beating the 69-cents-a-sha ...