Credit Suisse said Tuesday that a top executive had resigned after assuming responsibility for the bank's decision to spy on a star banker after he jumped ship to competitor UBS.
UBS shareholders on Thursday dealt the bank's directors and executives a rare rebuke, refusing to release them from personal liability over a massive fine imposed by France earlier this year, in a signal of deep investor frustration.
Credit Suisse said on Wednesday its first-quarter net profit rose by 8 percent, with its efforts to focus on
wealth management helping balance out problems in investment banking.
A Paris court will rule Wednesday on whether Swiss banking giant UBS illegally tried to convince French clients to hide billions of euros in Switzerland, charges which prompted prosecutors to seek a record €3.7-billion fine.
UBS has been authorised by China's securities regulator to take a controlling stake in a local business, making the Swiss giant the first foreign bank allowed to do so under new rules.
US authorities on Thursday sued Swiss banking giant UBS, accusing the European lender of fraud in the sale of mortgage-backed securities prior to the global financial crisis.
A French prosecutor on Thursday called for the Swiss UBS bank to be fined €3.7 billion (4.2 billion dollars) for "knowingly" helping French customers commit tax fraud.
Swiss banking giant UBS said on Thursday that it was bracing for another legal battle in the US over sales of mortgage-backed securities in the run-up to the financial crisis a decade ago.
Swiss banking giant UBS on Thursday reported better-than-expected third quarter results alongside a cautious outlook due to current turmoil in the markets.
Swiss banking giant UBS said Tuesday it was "business as usual" in China following reports that the company restricted travel there as an employee had to delay her return home after being asked to meet with authorities.
The Swiss banking giant UBS goes on trial in Paris on Monday October 8th to face accusations it orchestrated a huge tax fraud scheme for wealthy French clients, with potential fines of billions of euros.
Former UBS precious metals trader Andre Flotron was acquitted on Wednesday of market manipulation, a development that could spell trouble for similar cases against other Wall Street traders.
Swiss banking giant UBS said on Monday it delivered strong first-quarter results driven largely by its investment
banking and wealth management activities.
Swiss banking giant UBS will pay $230 million to settle charges it misrepresented mortgage-backed securities in the run-up to the financial crisis, New York State officials announced on Wednesday.
The number of billionaires worldwide rose above 1,500 last year, a ten percent jump from 2015, due largely to a surge in
Asia, Swiss banking giant UBS and auditors PwC said on Thursday.
Swiss banking giant UBS could shed a third of its staff over the next decade as dramatic technological changes help it streamline operations, its chief told Bloomberg in an interview published on Tuesday.
Swiss banking giant UBS on Friday posted higher profits for the second quarter as improved investor confidence led to growth in its wealth management units.
Swiss banking giant UBS said Friday that it booked "very strong first-quarter results", driven largely by its investment banking and wealth management activities.
Swiss banking giant UBS will go on trial in France for establishing a wide-ranging tax fraud scheme worth billions of
euros, legal sources told AFP on Monday.
The Swiss private banking giant UBS has agreed to pay $15 million to settle US allegations of selling risky derivative investments to thousands of unsophisticated investors, US market regulators said on Wednesday.
French tax authorities have asked Switzerland to hand over client information for some 45,000 bank accounts as part of a probe into alleged tax fraud, Le Parisien daily said on Monday.
Britain's decision to leave the European Union could see UBS slash nearly a third of its employees from the London office, the head of the Swiss banking giant said in an interview to a Japanese publication.
Switzerland has charged a former employee of the country's largest bank UBS with allegedly selling German authorities the files of wealthy clients suspected of tax evasion, officials and media said on Tuesday.
Swiss banking giant UBS said on Tuesday it had been ordered to hand over client information to the French tax authorities,
amid allegations it orchestrated a vast system of tax fraud in France.
