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Credit Suisse, UBS and Cocaine
UBS acquitted on appeal in Credit Suisse cocaine trial
Swiss banking giant UBS, which took over its rival Credit Suisse last year, has been acquitted on appeal in a high-profile money laundering trial, Switzerland's Federal Criminal Court said Wednesday.
Credit Suisse Cocaine Case Overturned With UBS Acquittal (1)
Credit Suisse’s 2022 conviction for failing to prevent the money laundering of a cocaine dealer’s profits was overturned by a Swiss appeals court following the death of one of its former employees who was found guilty in the case.
Credit Suisse conviction annulled in 2022 cocaine cash laundering case
A top Swiss court on Wednesday acquitted Credit Suisse, now part of UBS, of failing to prevent money laundering by a Bulgarian cocaine trafficking gang, overturning a 2022 conviction. The Federal Criminal Court's original ruling was seen as a test case for the prosecution of banks.
2h
on MSN
Week’s Best: UBS’ Bold Move to Lower Advisor Pay
The move risks advisor departures in the short term but could help the Swiss bank improve the profitability of its U.S.
Bloomberg L.P.
7h
UBS Acquitted Over Credit Suisse Criminal Money Laundering Case
The Swiss Appeals court ruled on Wednesday that it “in view of A.’s death, it was not possible to examine the
bank
’s” ...
8d
I made it to managing director after 17 years in banking, and then I quit. I didn't want to work myself into the ground well into my 60s.
Eric Sim, 54, spent more than 20 years in banking. The former UBS managing director now works as a professional speaker and ...
6d
UBS flags 'sluggish' Europe growth as it takes $170 mln credit hit
UBS CFO Todd Tuckner said on Thursday that weak economic growth in Europe has hit companies as he revealed the bank faced a ...
6d
UBS Names New Regional Heads of EMEA Global Banking
UBS Group AG named new regional heads in its global banking team for Europe, the Middle East and Africa, according to ...
9h
RBC Capital Sticks to Its Buy Rating for UBS Group AG (UBS)
RBC Capital analyst Anke Reingen maintained a Buy rating on UBS Group AG (UBS – Research Report) today and set a price target of CHF32.00. The ...
1d
on MSN
UBS on track to fully own China securities joint venture
One of UBS's joint venture partners in China will sell its entire holding in a securities company, paving the way for the ...
The Edge Singapore
1d
UBS looks to rich women after long Australian wealth hiatus
Among the fastest newcomers to the high-net-worth category are women and not-for-profits. Both have gone from “niche a couple ...
2d
on MSN
Tesla stock could drop 35% as the Trump-fueled rally isn't supported by business fundamentals, UBS says
Tesla shares have rallied sharply since the election, though its valuation implies growth far beyond what Wall Street is ...
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