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Banks ask Mallya to show the money; invoke personal guarantees
The banks have served the SARFAESI notice, which will lead to the initiation of process for seizing and selling the property of the airline to recover their dues. #Kingfisher Airlines #airlines #Vijay Mallya #UB Group
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With about 3% in Mangalore Chem, Mallya is now a minority shareholder
Mallya, a hero of many board room dramas in Indian business, may be fighting a losing battle now. #ConnectTheDots #Vijay Mallya #UB Group #Mangalore Chemicals and Fertilisers
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UB seeks shareholders' nod to up lending limit to KFA, stock up
The revision was done to facilitate the conversion of loans given to Kingfisher into convertible/no-convertible securities, as required by the debt recast agreement between the airline and a consortium of its lenders. #Kingfisher Airlines #CompanyWatch #loan #UB Holdings
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The Canberra TimesUBS whistleblower case proceeds
A New York court will proceed with a case against UBS by a former employee, who claims he was pressured to release misleading reports. Photo: Reuters Swiss bank UBS must face a whistle-blower lawsuit by a former securities strategist who claims he was sa #Manhattan, NY #Switzerland #Securities and Exchange Commission
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Business WireUBS Appoints Sylvia Brasil Coutinho as CEO of UBS Group Brazil
SAO PAULO--(BUSINESS WIRE)--UBS today announced it has appointed Sylvia Coutinho as CEO of UBS Group Brazil effective June 24th, 2013. She will be responsible for further strengthening the firm’s presence in Brazil and overseeing the firm’s strategy to d #Sao Paulo #HSBC #Latin America
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China DailyUBS Securities fined in Hong Kong
HONG KONG - Hong Kong's securities watchdog, Securities & Futures Commission, has reprimanded and fined UBS Securities Hong Kong HK$1.6 million($205,655) for regulatory breaches and internal control failings relating to position limit failures, the Commi #Hong Kong #China Construction Bank #UBS AG