Banking giant UBS has agreed to pay $780 million and turn over once-secret Swiss banking records to settle allegations it conspired to defraud the U.S. government of taxes owed by thousands of American clients.
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05/16/2024 - 11:16 am | View Link - UBS's CEO criticises the Swiss bank's public perception
UBS's CEO lamented the perception that the lender is too big for Switzerland and pushed back against the need for tougher regulation at an event held at the University of Zurich on Wednesday.
05/15/2024 - 10:22 am | View Link - Lawsuit: $3M+ in rare coins missing after Bank of America drilled open safe deposit box
A coin collector claims the bank sent notice to the wrong address that his branch was closing, then drilled open his box and later lost the coins.
05/9/2024 - 12:02 am | View Link - UBS makes first profit since Credit Suisse rescue
Shares in the Swiss lender surged 10% in Zurich Tuesday ... latest performance was “a testament” to the strength of the bank and its “ability to deliver significant progress” on its ...
05/6/2024 - 11:55 pm | View Link - UBS Jumps as Swiss Lender Returns to Profit
The Swiss bank purchased struggling rival Credit Suisse in a government-backed bailout in March 2023. UBS said integration plans moved "at pace," and it cut about $1 billion more in costs.
05/6/2024 - 12:59 pm | View Link - More
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