UBS GC said to be at the center of AG Andrew Cuomo's civil complaint on auction rate securities resigned; Citigroup said close to closing last Tribeca fund; Boscov's files CH 11; Carl Icahn helmed WCI files CH 11

UBS Says Investment Bank's General Counsel Aufhauser Resigned - Bloomberg

UBS AG, Europe's biggest bank by assets, said David Aufhauser resigned as general counsel for the investment bank and the region of North America.

He will remain an adviser to the company until Sept. 30, Sabine Woessner, a spokeswoman for the Zurich-based bank said in a telephone interview today. She declined to give a reason for his resignation.

The Wall Street Journal reported last week that Aufhauser was at the center of a civil complaint filed by New York Attorney General Andrew Cuomo against the bank. ....

Citigroup Said to Close Remaining Tribeca Global Fund - Bloomberg

Citigroup Inc. is closing a $400 million convertible arbitrage fund, the final step in winding down its $2 billion Tribeca Global Investments group, people familiar with the plans said.

Tribeca Convertible LP has been hurt by investor redemptions, according to the people, who declined to be identified because the decision isn't public. The fund's managers, Andrew Wang and Jeffry Chmielewski, are likely to leave New York-based Citigroup, the people said.

Tribeca Convertible was down less than 5 percent this year, people familiar with the fund said. That compares with a 6.7 percent decline in the Fixed Income-Convertible Arbitrage Index, according to Hedge Fund Research Inc. The fund rose 20 percent in 2006 and 5 percent in 2007.

US retailer Boscov's files bankruptcy, may be sold - Reuters

Department store chain Boscov's Inc filed for Chapter 11 bankruptcy protection on Monday and put itself up for sale, becoming the latest retailer to succumb as consumers reduce spending.

Founded in 1911, Boscov's describes itself as the largest family-owned, full-service U.S. department store chain, with 9,500 employees and 49 locations in Pennsylvania, Delaware, Maryland, New Jersey, New York and Virginia. The Reading, Pennsylvania, company plans to close 10 unprofitable stores.....

WCI Files for Chapter 11 Protection, Starkey to Leave - Bloomberg

WCI Communities Inc., the homebuilder whose chairman is billionaire investor Carl Icahn, plans to file for Chapter 11 bankruptcy protection after failing to obtain new financing and losing 90 percent of its value in the past year.

Chief Executive Officer Jerry Starkey will leave the company and David Fry, 48, will serve as interim CEO, Bonita Springs, Florida-based WCI said in a statement today distributed by Business Wire....