Swiss banking giant UBS could reportedly pay "at least hundreds of millions of dollars" in penalties related to prior misconduct at Credit Suisse, which UBS acquired after the bank collapsed in 2023.

(Reuters) - Swiss bank UBS is working with an independent ombudsman to shed light on Nazi-linked accounts, it said on Saturday, after the Wall Street Journal newspaper reported some accounts at ...

As part of a plea agreement, the bank paid $2.6B and was required to find and shut down any remaining undeclared American-held accounts. UBS (NYSE:UBS) acquired Credit Suisse in 2023 after it lost ...

As part of a plea agreement, the bank paid US authorities ... Additional undeclared accounts were also identified during the investigation. UBS, which acquired Credit Suisse during a government ...

NET PROFIT FORECAST: UBS's quarterly net profit is forecast to be at $483 million, according to the consensus. The bank reported a net loss of $279 million for the year-earlier period, hit by around ...

The Zurich-based bank is in the midst of overhauling its U.S. wealth business with a greater priority on mass affluent clients and lower costs.

UBS is testing blockchain for digital gold trading using ZKsync, aiming to enhance security, scalability and accessibility for retail investors. Switzerland’s largest bank, UBS, is experimenting ...

Both HSBC and UBS upgraded Bank of America (NYSE:BAC) to Buy, both citing the higher-for-longer rate environment as benefiting the money center bank. "Rate backdrop, investment banking landscape ...

The investigation is related to Credit Suisse, which UBS acquired after the bank collapsed in 2023. Following a 2014 guilty plea, Credit Suisse allegedly continued to hide accounts of U.S ...