As of Monday, the Paris Court of Appeal has postponed its decision on UBS. The Swiss bank charges include aggravated tax laundering and illegal canvassing in France between 2004 and 2012. The €3.7 billion fine imposed in February 2019 was the largest tax evasion penalty ever imposed in France.
In its Hong Kong share offer, Prudential, the Fortune 500 company whose subsidiaries provide insurance and investment management, intends to raise up to $2.4 billion after pricing the stock at a slight discount to its last Hong Kong close. In a statement on Saturday, the conglomerate announced that it would sell up to 130.8 million […]
In the case between the largest Swiss bank, UBS, and the French State, the Paris Court of Appeal will issue its verdict next Monday. Prosecuted for aggravated tax fraud laundering and illegal canvassing, the bank was sentenced almost two and a half years ago in first instance to a record fine of 3.7 billion euros […]
Wealth management business is booming amid historically low interest rates in Switzerland. New digital players on the market, however, are placing pressure on the industry’s traditional operators. A universal bank charges 13’667 francs per year ($14’920) on average for the management of a 1 million franc ($1.1 million) stock portfolio, while a digital
The Swiss bank UBS continued its strong start to the year with a 62.8% year-over-year increase in net profit to $2.0 billion in the second quarter. UBS’s quarterly profit rose by nearly two-thirds to $2 billion, exceeding market expectations. The performance exceeded analysts’ expectations, helped by strong inflows of new money. In a statement released […]
Several major banks, including UBS and Credit Suisse, remain involved in financing and investing in the oil and gas industry in the Amazon rainforest, according to a new report released Thursday by environmental non-governmental organizations (NGOs) Stand.earth and Amazon Watch. In a statement, lead author Angeline Robertson said, “The banks’ environmental,