JPMorgan, UBS among five banks facing $1bn FX-rigging suit

2019-07-29 13:10

The lawsuit centers on collusion on foreign-exchange trading strategies, for which the European Commission fined Barclays, RBS, Citigroup, JPMorgan and Mitsubishi UFJ Financial Group, a total of €1.07bn in May.

Citi, JPMorgan, UBS face Australia forex cartel class action

2019-05-27 09:41

Citigroup, the Royal Bank of Scotland Group and JPMorgan Chase & Co. are among five banks named in a class action lawsuit in Australia seeking damages for colluding on foreign-exchange trading strategies.

Jo'burg second-most expensive for millennial lifestyle - study

2018-07-15 15:29

Johannesburg came out as second-most expensive for the millennial lifestyle in 2018 among 11 cities in the world ranked by Swiss group UBS.

#Declassified: Apartheid Profits - nuclear bunkers and swiss bankers

2017-08-23 06:39

Open Secrets, in this instalment on the Declassified: Apartheid Profits series, takes a closer look at the role played by the Swiss banks in propping up the apartheid regime.

UBS, HSBC offshore dealings in Panama Papers spotlight

2016-04-05 09:47

UBS Group and HSBC Holdings are now starring in a torrent of leaked documents detailing how they once helped clients set up thousands of offshore shell companies.

UBS to pay $545m over forex scandals

2015-05-20 12:15

UBS will plead guilty to rigging benchmark interest rates and pay $545m to US authorities to settle their probe into alleged manipulation of foreign exchange rates.

UK hands fraud agency all funds needed for probe

2014-11-14 10:43

The UK finance ministry will hand the anti-fraud agency all the funds it needs to conduct a criminal investigation into alleged rigging of the currency market.

UK prepares forex fines for six banks -sources

2014-11-07 15:15

British regulators investigating allegations of collusion and manipulation in the foreign exchange market could fine a group of six banks.

UBS faces fine of up to $6.3bn in tax probe

2014-10-03 12:30

Switzerland's largest bank UBS could face a fine of up to $6.3bn if found guilty in a French investigation into whether it helped wealthy customers avoid tax.

France defends UBS guarantee demand

2014-07-24 17:51

A billion euro guarantee payment demanded by French judges of Swiss bank UBS reflects the size of the fine it could pay if found guilty.

 

UBS apologises for ‘Chinese pig’ comment amid public furore

2019-06-13 10:46

UBS Group AG apologised for comments from its global chief economist published on Wednesday that made reference to a “Chinese pig” and drew criticism on social media as well as from a state-run newspaper.

UBS bets on Ramaphoria, says strong ANC win could trigger rally for SA assets

2019-04-29 19:07

Investment bank the UBS Group believes a decisive win for the ruling party could trigger a rally for SA assets, thanks to expectations of greater policy certainty.

Market-friendly reforms critical for SA - UBS report

2017-09-08 05:00

A return to a more market-friendly and transparent government structure is key for SA's medium-term outlook, says Swiss financial services company UBS.

Credit Suisse, UBS to work with Abu Dhabi banks

2016-06-20 10:47

Credit Suisse and UBS, which have scaled back from the Gulf since the financial crisis, are advising on the potential merger of Abu Dhabi’s two largest banks.

$104m UBS informant asks Swiss to back whistleblowers

2016-02-04 11:18

The banker who has been awarded $104m by the US for revealing how he helped UBS Group hide assets for rich Americans has one message: “stop living in the past”.

Five big banks face $5bn bill over FX rigging

2015-05-20 09:00

Five of the world's biggest banks are expected to be hit with a combined bill of more than $5bn and criminal charges in a settlement with US and British authorities.

Hefty fines for five major banks

2014-11-12 10:27

Global regulators have imposed penalties on major banks, including a landmark settlement over allegations of price fixing in the foreign exchange market.

UBS earnings burdened by legal troubles

2014-10-28 13:15

Major Swiss bank UBS has earmarked $1.5bn for pending legal disputes, denting its third quarter profits.

UBS pays €300m to end tax row

2014-07-29 11:15

Switzerland's biggest bank UBS has settled a major tax evasion case in Germany and has agreed to pay a huge penalty.

UBS charged with tax fraud in France.

2014-07-24 11:32

Swiss bank UBS has been charged with tax fraud in Paris for allegedly helping rich French clients to hide money in Switzerland.

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