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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.
33m
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.
9h
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” ...
The Edge Singapore
12h
UBS-Credit Suisse integration opens up new tech for bigger plans
Beyond executing the details of the merger, UBS also had to undertake one of the most extensive integration exercises in the ...
2d
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.
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 ...
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 ...
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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