Capital Institutional Services, Inc. (CAPIS), an institutional securities broker/dealer, has completed its acquisition of Financial Technology Securities in a bid to strengthen CAPIS’s present in the bank and trust services space. The acquisition of FinTech Securities from Innovest Systems took effect Jan. 2, 2019, making the Atlanta, Ga.-based broker/dealer a fully-owned subsidiary of CAPIS, officials… Read More >>
UBS to Cut 10,000 Jobs as SIFMA Board Elects Officers
UBS to Cut 10,000 Employees by 2015 Swiss banking giant UBS will be cutting its work force by 10,000 over the next two years as it moves away from its less lucrative fixed income business, and attempts to transform itself into “the UBS of the future,” officials say. “By concentrating on its traditional strengths in… Read More >>
