UBS shares plunged Wednesday after a report the U.S. Department of Justice has stepped up its scrutiny into suspected compliance failures that helped Russian clients evade sanctions.
Trading in Switzerland's biggest lender, which took over Credit Suisse early this year, was temporarily halted after its shares slumped nearly 8% after the story
reported by Bloomberg News. The alleged failures related to UBS and Credit Suisse, Bloomberg reported.When trading resumed, its shares were 4% lower shortly afterwards.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
UBS shares drop on report DOJ probes Credit Suisse over Russian sanctions evasionThe Justice Department reportedly suspects Credit Suisse helped Russian clients evade sanctions, according to a published report. The report, from Bloomberg...
Weiterlesen »
UBS shares drop after report U.S. DOJ probing Credit Suisse over Russian sanctions evasionUBS shares fell Wednesday on a report that the U.S. Justice Department believes Credit Suisse may have helped Russian clients sidestep and itself may be...
Weiterlesen »
French court to rule in November on UBS' tax evasion appeal -UBS lawyer By ReutersFrench court to rule in November on UBS' tax evasion appeal -UBS lawyer
Weiterlesen »
UBS shares rattled by report of US probe into Russia sanctions evasionUBS shares plunged Wednesday following a report that the Swiss bank faces a widening probe by the US Department of Justice over suspected compliance failures that allowed Russian clients to evade sanctions. compliance failures that allowed Russian clients to evade sanctions.
Weiterlesen »
AI being used in loan, credit card approval: What does this mean?Artificial intelligence is changing how we're evaluated for loans and credit cards as many lenders use it to evaluate credit worthiness on much more data than your credit history.
Weiterlesen »
UBS doesn't see evidence of Peloton meeting bull case growth expectations By Investing.comUBS doesn't see evidence of Peloton meeting bull case growth expectations
Weiterlesen »