UBS Real Estate Securities involving mortgage-backed securities, submitted expert reports and testified in federal court. In the matter MASTR Adjustable Rate Mortgages Trust 2006-OA2 v. As testifying expert on behalf of Residential Funding Company, LLC, and the ResCap Liquidating Trust in a number of lawsuits consolidated in Minnesota and New York courts, proposed and implemented sampling protocol to assess mortgage loan defect rates.Quicken Loans, provided a written report and deposition testimony on sampling and damages. On behalf of the Department of Justice (DOJ) in DOJ v.Submitted an expert report regarding, among other issues, the structure of the foreign exchange trades, and provided deposition testimony. Retained on behalf of Mayagüez in Mayagüez, S.A.filed an expert report that was served along with TWC’s motion to dismiss. Retained on behalf of TWC Product and Technology, LLC, to assist in responding to a complaint filed by the People of the State of California, alleging that The Weather Channel (TWC) mobile app misled users by failing to provide transparent details about how TWC used app users’ location data.He has taught courses and presented workshops on finance and economic topics at academic institutions in Europe and the United States. Snow held professorships in the finance departments of the Kenan-Flagler Business School at the University of North Carolina-Chapel Hill and the Stockholm School of Economics, and in the economics department at Brigham Young University. In addition to his professional experience, Dr. He also served as Principal Economist in the Housing Analysis and Research group at Freddie Mac, and as Director at UBS Investment Bank (formerly UBS Warburg). Snow was a Senior Economist at Welch Consulting. Snow has significant experience as both a testifying expert and consulting economist in a wide range of high-profile matters involving financial securities, structured products, market manipulation, fund performance, discount rates, bankruptcy, contract claims, insurance coverage and valuation, and discrimination in mortgage and labor markets. He is regularly retained to provide oral and written testimony in federal and state courts on asset valuation, economic and financial damages, materiality and causation, and statistical sampling, working on behalf of government, law firm, and corporate clients. Snow is a leading expert in finance and statistics. Credit Suisse executives or board members were not on the call.Karl N. "It's a historic day, and a day we hoped would not come," Kelleher added on an analyst call that included UBS CEO Hamers. "This acquisition is attractive for UBS shareholders but, let us be clear, as far as Credit Suisse is concerned, this is an emergency rescue," UBS chair Colm Kelleher said in a statement, taking a not-too-thinly-veiled shot at the Credit Suisse board and executive team. Other: UBS sees the deal as accretive to EPS by 2027 Credit Suisse investment bank will be wound down Total annualized cost savings of $8 billion by 2027 Both banks have unrestricted access to the Swiss National Bank's existing facilities UBS will suspend its stock buyback plan Integration will take three to four years. Who Will Run the Combined Entity: UBS chair Colm Kelleher and UBS CEO Ralph Hamers Here are the UBS-Credit Suisse deal details : regional banks."Īfter much speculation and with markets on the cusp of a Monday morning panic at the hands of a rolling bank crisis, UBS ( UBS) made its play for its stricken long-time Swiss rival. Added Guha: "Market focus will likely broaden out to other weaker European banks as well as U.S.
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