Ubs Ag Stock News

ZURICH, Switzerland--(BUSINESS WIRE)-- Ad hoc announcement pursuant to Article 53 of the SIX Exchange Regulation Listing Rules UBS (NYSE:UBS) (SWX:UBSN) takes note of the French Court of Appeal’s decision. UBS AG was found guilty of unlawful solicitation and aggravated laundering of the proceeds of tax fraud relating to the bank’s cross-border business activities in France between 2004 and 2012. The court imposed a fine of EUR 3.75m as opposed to EUR 3.7bn in the first instance. In addition, t

ZURICH--(BUSINESS WIRE)--Regulatory News: Ad hoc announcement pursuant to Article 53 of the SIX Exchange Regulation Listing Rules UBS (NYSE:UBS) (SWX:UBSN) takes note of the French Court of Appeal’s decision. UBS AG was found guilty of unlawful solicitation and aggravated laundering of the proceeds of tax fraud relating to the bank’s cross-border business activities in France between 2004 and 2012. The court imposed a fine of EUR 3.75m as opposed to EUR 3.7bn in the first instance. In addition,

A French court fined Swiss bank UBS 1.8 billion euros ($2.0 billion) on appeal on Monday for its role in helping French residents commit tax fraud.

A fine on Swiss lender UBS for allegedly helping wealthy customers in France evade taxes was today slashed to £1.5bn. A Paris appeals court reduced the

PARIS: A French court fined Swiss bank UBS 1.8 billion ($2.0 billion) on Monday on appeal for its role in helping French residents commit tax fraud. UBS took the fight to the Paris appeals court after being initially hit with a 3.7 billion fine in a ruling in 2019, Frances biggest-ever tax evasion penalty. The [] The post Swiss bank UBS fined 1.8 billion over tax evasion in French appeal appeared first on BOL News .

UBS vs. CM: Which Stock Is the Better Value Option?

Singapore-based digital wealth platform Endowus continues its expansion with the latest hire of a public relations head. Grace Chiang joins Endowus as head of PR and communications, according to a statement, after her most recent role as the public relations lead for Southeast Asian superapp Grab. She has 15 years of experience and has previously also worked for Adidas, DOCOMO and venture capital firm SGInnovate. Continued Expansion The latest hire is part of broader plans of ongoing expansion at Endowus which has raised $50 million in funds this year from various investors including UBS . In addition to growing assets under management to S$1 billion ($731 million) as of June this year, Endowus has also hired Dominic Ong as chief financial officer and head of strategic partnerships, Deepak Sarda as vice president of engineering and Valerie Tan as head of risk and compliance.

Highland Capital Management LLC lifted its holdings in UBS Group AG (NYSE:UBS) by 14.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 132,914 shares of the banks stock after buying an additional 16,700 shares during the quarter. Highland Capital Management LLCs holdings []

Switzerland''s largest lender is expanding its partnership with the iCapital Network platform to serve wealthy clients in Switzerland and Asia. UBS global wealth management is strengthening its ties to iCapital Network to gain access to the technology company''s data and analytics platform for private markets, according to a statement Thursday . Details of the deal were not announced. The platform, which automates the lifecycle of private market investments, enables UBS wealth managers to access data related to private equity, private debt, and real assets. The two parties, engaged in a strategic partnership since 2017, expect the appetite for the asset class among high net worth individuals to grow, the statement says.

West Family Investments Inc. boosted its stake in shares of UBS Group AG (NYSE:UBS) by 3.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 25,571 shares of the banks stock after purchasing an additional 932 shares during the quarter. West Family Investments Inc.s holdings in UBS Group were worth $408,000 at the []

Spanish Court Orders Santander To Pay UniCredit CEO $77 Million For Breach Of Contract UniCredit CEO Andrea Orcel is already riding high as investors have embraced his turnaround strategy for the troubled Italian lender (a strategy that entails returning billions of euros in profits to shareholders of Italy''s largest bank over the coming years). The bank''s shares were among the few European banking stocks to trade in the green on Friday. But that''s not the only reason for Orcel, who is well on his way to becoming one of Europe''s most celebrated bankers, to celebrate heading into the weekend. Orcel, a European banker of Italian origin, has just won a major court victory against Banco Santander after a Spanish court ruled on Friday that Santander must shell out 68 million euros ($77 million) to Orcel for breaking a contract to bring him on as CEO . Fortunately for him, Orcel swiftly bounced back after being dumped by Santander by taking the top job at Unicredit. But, as the court decided, the fact that Orcel found another job doesn''t excuse Santander from its contractual obligations.

After a marathon three-year court case, a Paris court is set to give a verdict on December 13 on Swiss bank UBSs appeal against a French 4.5 billion (CHF4.9 billion) tax evasion penalty. At the beginning of the 2000s, when Swiss banking secrecy was still in its heyday, Raoul Weil, Dieter Kiefer, Olivier Baudry and Philippe Wick were in charge of international wealth management at UBS. Today, the four bankers could write a book about the French legal system. Back in late 2018, the former senior UBS managers could be spotted queueing humbly, like good orderly Swiss, outside a huge new Paris courthouse building. Several months later in February 2019, a Paris court fined UBS 3.7 billion for aiding and abetting tax evaders and ordered the bank to pay an additional 800,000 in damages. UBS immediately launched an appeal, The four bankers had been charged, along with their employer, UBS, with promoting illegal banking services and money laundering of tax evasion proceeds. At the

UBS Group AG is retreating from its South African investment-banking operations after laying off most of its dealmakers in the country, according to people familiar with the matter.