Swiss banking giant UBS could reportedly pay "at least hundreds of millions of dollars" in penalties related to prior misconduct at Credit Suisse, which UBS acquired after the bank collapsed in 2023.
The WSJ previously reported that the Justice Department investigated Credit Suisse about accounts, containing hundreds of millions of dollars, belonging to U.S. citizens that weren't immediately ...
UBS is set to pay a minimum of hundreds of millions of dollars to settle Credit Suisse's violations of an earlier agreement ...
The potential payout relates to an earlier deal over tax evasion by U.S. clients of Credit Suisse, the rival Swiss bank that ...
CREDIT Suisse veteran Ray Farris has been appointed chief economist of Prudential’s asset management arm, Eastspring ...
UBS is wary of what could emerge and Ermotti said tougher regulation across the board could weaken the Swiss financial sector against competition in London, Hong Kong and Singapore ...