Katharina Bart

UBS, Deutsche Bank confirm cooperation in forex probes

August 24, 2021 at 9:56 p.m.

ZURICH (Reuters) - UBS and Deutsche Bank confirmed they were cooperating with regulators probing alleged rigging in the $5.3 trillion-a-day foreign exchange market, with UBS saying it had taken "swift...

Disagreement on targets preceded Zurich CFO’s suicide

August 24, 2021 at 7:58 p.m.

ZURICH (Reuters) - On August 14, Zurich Insurance chairman Josef Ackermann received financial chief Pierre Wauthier and head of investor relations James Quin at his office overlooking Lake Zurich to...

UBS to repay Swiss bailout loan, cautious on third-quarter

August 24, 2021 at 6:43 p.m.

ZURICH (Reuters) - UBS will repay a loan and buy back equity in a fund set up as part of its 2008 bailout, a move the Swiss bank said on...

Swiss banks seek permission to send data in U.S. probe: sources

August 24, 2021 at 6:08 p.m.

ZURICH (Reuters) - Credit Suisse and Julius Baer are among five Swiss banks which have sought government approval to hand data to U.S. prosecutors in a bid to reach settlements...

UBS commits to home market with Zurich HQ revamp

August 24, 2021 at 5:38 p.m.

ZURICH (Reuters) - UBS will spend more than 100 million Swiss francs ($105.42 million) on a facelift of its Zurich headquarters, hoping to turn the building into a buzzing retail...

SNB lauds UBS, Credit Suisse capital steps, warns on leverage

August 24, 2021 at 4:55 p.m.

ZURICH (Reuters) - The Swiss National Bank welcomed measures by Credit Suisse and UBS to bolster their capital levels, but said leverage ratios still lag international rivals. "Given the prevailing...

Swiss parliament stalls progress of U.S. tax deal

August 24, 2021 at 5:11 p.m.

ZURICH (Reuters) - Switzerland's lower house of parliament has stalled a government bid to protect the country's banks from criminal charges in the United States for helping wealthy Americans to...

Swiss must meet U.S. ‘diktat’ over tax: Ackermann

August 24, 2021 at 4:16 p.m.

GENEVA (Reuters) - Switzerland has no choice but to bow to a U.S. ultimatum and sidestep its banking secrecy laws to end an investigation into how Swiss banks helped wealthy...

Switzerland frees banks to settle U.S. tax evasion cases

August 24, 2021 at 3:50 p.m.

ZURICH (Reuters) - Switzerland aims to save its banks from heavier punishment in the United States for helping wealthy tax cheats by sidestepping its own famed secrecy laws to let...

Signs of recovery seen blunting opposition to UBS pay

August 24, 2021 at 1:54 p.m.

ZURICH (Reuters) - Strong first-quarter results are likely to ensure UBS wins shareholder backing for its pay plans at a meeting on Thursday, though a $26 million signing-on award for...

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