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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.
Bloomberg L.P.
7h
UBS Acquitted Over Credit Suisse Criminal Money Laundering Case
Credit Suisse’s 2022 conviction for failing to prevent the money laundering of a cocaine dealer’s profits was overturned by a ...
6m
Week’s Best: UBS’ Bold Move to Lower Advisor Pay
In a rare move for a wealth management operation, UBS amended its compensation plan for next year, trimming payouts for lower-producing financial advisors. The move risks advisor departures in the ...
1d
on MSN
UBS Cuts Advisor Pay. Here’s Why.
The company amended its compensation plan for next year by trimming payouts for lower-producing financial advisors.
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 ...
57m
Swiss Stock Market Ticks Higher On Wednesday
The Swiss stock market spent most of Wednesday's trade under water before a late rally nudged it up into positive territory going ...
Yahoo
6d
UBS pilots digital currency scheme for domestic and international payments
UBS
has rolled out a blockchain-based digital currency system,
UBS
Digital Cash, tailored for commercial 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 ...
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 ...
22h
UBS returns to tap high net worth women’s wealth
UBS Group AG is returning to wealth management in Australia after it exited almost a decade ago, tapping the Credit Suisse ...
9h
UBS Cuts Four Loan Bankers in Hong Kong, Singapore as Deal Flow Slows
UBS Group AG cut four loan syndication bankers in Asia, according to people familiar with the matter, as elevated funding ...
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