Tag: UBS

• Friday, February 12th 2021 - 09:32 UTC

  Argentina's Patagonia bank teams with Swiss UBS and Banco do Brasil to have a global platform

  

  UBS BB Investment Bank, a joint venture between UBS Group AG and Banco do Brasil SA for South America, reached a collaboration agreement with Argentina’s Banco Patagonia SA.

• Wednesday, April 3rd 2019 - 08:33 UTC

  Spanish bank cautious about Brexit but confident of solid growth in Latin America

  

  Spanish bank Santander is expected to take a cautious stance on its British business in a strategy update on Wednesday, seeking to reassure investors after its aborted recruitment of former UBS banker Andrea Orcel as CEO.

• Thursday, February 21st 2019 - 09:18 UTC

  Swiss bank UBS fined €3.7bn in France for helping clients launder proceeds of tax fraud

  

  Swiss banking giant UBS has been fined €3.7bn (US$4.2bn) in a French tax fraud case. A court in Paris found that the bank had illegally helped French clients hide billions of Euros from French tax authorities between 2004 and 2012.

• Friday, February 2nd 2018 - 19:33 UTC

  UBS, HSBC and Deutsche Bank caught spoofing, and have to pay US$ 46.6m

  

  The US Department of Justice (DOJ) says it has charged eight individuals over allegations they “spoofed” or manipulated the futures markets for precious metals and share indexes. Separately UBS, HSBC and Deutsche Bank will pay a total of US$ 46.6m to settle spoofing charges against them.

• Tuesday, August 2nd 2016 - 06:24 UTC

  UBS optimistic about evolution of Brazilian economic activity in second half of 2016

  

  Things are looking up for the Brazilian economy - but it won't be due to the Olympic games starting this week, according to a UBS report published last Friday.

• Thursday, May 21st 2015 - 07:08 UTC

  Five world leading banks fined 5.7bn dollars for manipulating foreign exchange markets

  

  Five of the world's largest banks are to pay fines totaling $5.7bn for charges including manipulating the foreign exchange market. Four of the banks - JPMorgan, Barclays, Citigroup and RBS - have agreed to plead guilty to US criminal charges, while the fifth, UBS from Switzerland will plead guilty to rigging benchmark interest rates.

• Friday, August 1st 2014 - 08:42 UTC

  UBS calls on Swaps Association to ask if a “failure to pay” event had occurred

  

  The International Swaps and Derivatives Association (ISDA) said on Thursday it had received its first request to consider whether a credit event had occurred, according to the ISDA website.

• Wednesday, December 19th 2012 - 20:25 UTC

  UBS fined in US, UK and Switzerland for manipulating the Libor rate

  

  Swiss banking giant UBS has agreed to pay 1.5bn dollars to US, UK and Swiss regulators for attempting to manipulate the Libor inter-bank lending rate. It becomes the second major bank to be fined over Libor after Barclays was ordered to pay 450m to UK and US authorities in the summer.

• Thursday, February 16th 2012 - 20:12 UTC

  Moody warning on credit ratings of 17 global banks and 114 European financial institutions

  

  Moody's warned Thursday it may cut the credit ratings of 17 global and 114 European financial institutions in another sign the impact of the Euro zone government debt crisis is spreading throughout the global financial system.

• Saturday, September 24th 2011 - 21:45 UTC

  Major purge in UBS; main shareholder Singapore fund demands tighter controls

  

  Swiss bank UBS's Chief Executive Oswald Gruebel resigned, shouldering the blame after its scandal-hit investment banking business lost 2.3 billion dollars in alleged rogue trading.