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Latest UBS news and updates from Switzerland. AI-curated articles covering UBS topics.
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The US Senate Judiciary Committee is pressing UBS for fuller answers about Credit Suisse’s handling of accounts linked to Nazi victims. The renewed scrutiny adds pressure on UBS to provide a complete account of inherited legal and historical liabilities.
about 2 hours ago · 1 source
Switzerland
The Swiss National Bank is backing the Federal Council’s tougher plan to require UBS to support foreign units with high-quality Swiss equity. The report should explain the capital debate and its implications for financial stability, UBS competitiveness and taxpayers.
SWI swissinfo.ch
Finance
Swiss banking giant UBS has been ordered to pay $145 million in fines by US authorities for repeated and inadequate anti-money laundering controls between 2019 and 2023. The US regulator FinCEN described the bank as a repeat offender.
SWI swissinfo.ch
UBS
Swiss banking giant UBS has been hit with a $145 million fine in the United States for repeated failures in its anti-money laundering controls between 2019 and 2023. US authorities described the bank as a 'repeat offender,' with FinCEN imposing its largest-ever penalty on a broker-dealer.
SWI swissinfo.ch
Business
UBS has surpassed market expectations by posting a $2.8 billion profit for the second quarter, marking a 17% increase. Despite the strong performance, the bank remains cautious about future share buybacks due to ongoing debates in Switzerland concerning stricter capital requirements.
SWI swissinfo.ch
Economy
After a minor loss in Q1, economists at UBS forecast the Swiss National Bank (SNB) will return to significant profitability, projecting a Q2 profit between CHF 19 and 24 billion, largely due to a strong rebound in its equity portfolio.
SWI swissinfo.ch
Economy
The United States has implemented a new 12.5% tariff on select Swiss imports, citing concerns over forced labour. Despite the move, economists at UBS are maintaining their Swiss GDP growth forecasts, anticipating that a broader European recovery will offset the impact.
Le News · +1 more
Economy
The number of unemployed bank employees reached a record high of 4,474 in June, an increase of nearly 24% over the past year. The trend is particularly acute in Zurich as the sector continues to grapple with the aftermath of the Credit Suisse takeover.
SWI swissinfo.ch
Business
A look at major developments in Switzerland's corporate world. The SNB confirms UBS's crisis resilience as the bank plans a US expansion, Roche announces a successful trial for a new lung cancer drug, and retailer Migros opens its first 24-hour automated supermarket.
SWI swissinfo.ch · +3 more
Finance
The Swiss National Bank's latest report finds banking giant UBS capable of withstanding significant losses in a crisis. This vote of confidence comes as UBS actively trials new banking services for its US employees, a first step in a major strategic push to attract wealthy American clients.
SWI swissinfo.ch · +1 more
Economy
The latest UBS Global Wealth Report confirms Swiss adults have the highest average wealth globally at over $910,000. However, the data also highlights stark wealth concentration, with 13% of adults holding 69% of the nation's total private wealth.
SWI swissinfo.ch
Finance
In the ongoing 'too big to fail' debate, Swiss Finance Minister Karin Keller-Sutter has forcefully reiterated her stance that stricter capital requirements for UBS, including for its foreign subsidiaries, are non-negotiable. At a recent forum, she called the measures essential for financial stability, framing them as a competitive advantage that builds confidence in the Swiss financial system.
SWI swissinfo.ch
Finance
In the wake of the Credit Suisse collapse, Swiss Finance Minister Karin Keller-Sutter is standing firm on the necessity of full capital coverage for UBS's foreign subsidiaries to ensure global financial stability and prevent future crises.
SWI swissinfo.ch
Finance
More than a year after the historic takeover of Credit Suisse, UBS is in a standoff with the Swiss government over how much capital the megabank must hold to prevent a future crisis. The dispute highlights the challenge of regulating a bank that has 'outgrown a country'.
SWI swissinfo.ch
Economy
In a stark interview, UBS CEO Sergio Ermotti has claimed that excessive bureaucracy and a lack of innovation are causing Europe to decline economically compared to the US and Asia, suggesting only a profound crisis will force political change.
SWI swissinfo.ch
Economy
UBS CEO Sergio Ermotti has issued a stark warning that excessive regulation is stifling growth and innovation across Europe, causing the continent to fall behind the US and Asia, and that a major crisis may be needed to force political action.
SWI swissinfo.ch
Finance
Monaco's financial watchdog has fined UBS €6 million for numerous serious breaches in its controls against money laundering and terrorist financing between 2018 and 2023. The regulator cited an "overall failure" in the bank's compliance and internal control systems.
SWI swissinfo.ch
Banking
Monaco's financial watchdog has penalized UBS for significant breaches in its controls against money laundering and terrorist financing. The decision cited an 'overall failure' in the bank's compliance and internal control systems over a five-year period.
SWI swissinfo.ch
Real Estate
A new UBS report reveals that prices for luxury properties in Switzerland rose by an average of 3% last year. Mountain regions like St. Moritz saw a 6% increase, though experts suggest the market may soon plateau.
SWI swissinfo.ch
Business
UBS has reported a first-quarter net profit of $3.04 billion, significantly exceeding analyst expectations, as the banking giant nearly completes the complex integration of its former rival, Credit Suisse.
SWI swissinfo.ch
