The Swiss National Bank said that the two banks have ‘slightly improved their capital situation,’ despite moderate dip in economic and financial condition...
The world’s largest wealth manager aims to boost innovation by collaborating with a leading global provider of product development and software engineering solutions January 18, 2017: UBS AG, the world’s largest wealth manager, has signed a multi-year strategic framework agreement with EPAM Systems, Inc. (NYSE:EPAM), a leading global provider of product development and software engineering...
Banks worry about losing passporting rights IFM Correspondent July 14, 2016: With uncertainty looming large post-Brexit, some banks may shift their headquarters and offices outside London. Andrea Orcel, president of UBS Investment bank, has warned that it is considering moving its staff to a European country, following the UK’s vote to leave the EU. UBS,...
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 bankers disclose data to US prosecutors. Dealing a huge blow to Switzerland’s historic banking secrecy, Swiss finance officials on Wednesday approved a plan that would allow the country’s...