UBS aiming for top five U.S. M&A ranking - report

(Reuters) - Alex Wilmot-Sitwell, the bank's other joint global head of
investment banking, noted UBS had not been involved in "jumbo
deals" like TXU Corp.'s $32 billion buyout by a private
equity group led by Kohlberg Kravis Roberts & Co. [KKR.UL].




"In order to change our positioning in this market ... we
have to bank the large clients," Wilmot-Sitwell told the
newspaper.


Read more at Reuters.com Mergers News

Ajaz Rahim, Pakistani Banker, Denies Charges in U.S. of Insider Trading

(Bloomberg) -- Pakistani investment banker Ajaz Rahim,
indicted on July 3 by a U.S. grand jury, denied that he traded
shares of TXU Corp. and other companies with inside information
and said his lawyers will contest the case.

Rahim, 44, dismissed allegations he conspired with former
Credit Suisse banker Hafiz Muhammad Zubair Naseem to make illegal
trades, operated a brokerage account for his fellow Pakistani
national or exchanged e-mails with him about U.S. stocks.


Read more at Bloomberg Stocks News