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UBS OF SWITZERLAND
Inside KPMG's AI report scandal: False claims, bogus case studies and hallucinated success storiesKPMG has retracted a global report after major organizations like UBS and the NHS denied claims of using AI for operational transformations...- Hong Kong overtakes Switzerland as world's top cross-border wealth hub on China ties, report showsHong Kong has surpassed Switzerland as the world's top global booking center for cross-border wealth, reaching $2.95 trillion. This shift i...
- Swiss banks to test possible uses for Swiss franc stablecoinSix Swiss banks are collaborating to explore stablecoin uses. They will launch a digital sandbox in 2026 to test a Swiss franc-pegged stabl...
- UBS plans to hire 3,000 new roles in India as it axes jobs in SwitzerlandUBS is set to hire up to 3,000 individuals in India. This expansion includes a new site in Hyderabad, aiming to add 2,000 to 3,000 roles. T...
- UBS steps up contingency planning as it tries to tame Swiss rules, sources sayUBS may shift its headquarters from Switzerland. This is due to the Swiss government's proposed capital rules. London is a possible alterna...
- Swiss watchdog scrutinises UBS vetting of wealthy Credit Suisse clients, sources sayThe Swiss financial regulator entered into a back and forth with UBS over filters and "know your client" rules, a set of procedures that ba...
- UBS to face tougher rules in Swiss response to Credit Suisse rescueSwitzerland implemented stricter capital requirements for UBS and banks post Credit Suisse rescue. The 209-page report suggested 22 measure...
- 85 Swiss branches of UBS and Credit Suisse to shut, report saysUBS will close 85 branches in Switzerland as part of its consolidation with Credit Suisse, aiming to cut costs and reduce branch duplicatio...
- UBS overhauls board of domestic businessThe lender said Roger von Mentlen will become chairman of the boards of directors of UBS Switzerland and of Credit Suisse Switzerland.
- UBS completes takeover of Credit SuisseUBS has successfully concluded its acquisition of Credit Suisse, resulting in a mammoth banking entity, as two global banks unite for the f...
- UBS expects to seal Credit Suisse takeover as early as June 12Swiss banking giant UBS will be completing its takeover of Credit Suisse around 12 June. This is later than the expected date of UBS chief ...
- UBS, Credit Suisse tie-up may not lead to Swiss blissThe Swiss National Bank, which played matchmaker in Sunday's takeover of Credit Suisse, said the creation of one giant bank in Switzerland ...
- UBS and Credit Suisse: Similar Swiss banks with differing fortunesCredit Suisse is still looking shaky despite taking a $54-billion lifeline thrown by the Swiss central bank. Investors remain nervous about...
- Swiss seek 5 per cent leverage ratio for big banks: BloombergSwitzerland has not made its final decision on the leverage ratio targets, a government spokesman said when asked about the report.
- Swiss parties edge closer to ratifying US tax dealSwiss lawmakers have signalled their willingness to compromise in a long-running dispute over whether to give the United States files on th...
- Swiss lawmakers give in, likely to back UBS deal with USSwiss lawmakers, bowing to pressure from bankers representing 7.6% of the nation’s gross domestic product, are poised to back the governmen...
- UBS says lost $1.75 bn in first quarter, to cut 8,700 jobsSwitzerland's biggest bank UBS on Wednesday said it lost about two billion francs (1.32 billion euros, 1.75 billion dollars) in the first t...
- Troubled Swiss bank UBS picks new chairmanBeleaguered Swiss bank UBS saw the departure of another top management figure, disclosing that chairman Peter Kurer will not seek re-electi...
- UBS move shakes foundations of Swiss bank secrecyUnder a 75-year-old law, Swiss banking secrecy can only be lifted when individuals are deemed to have deliberately defrauded tax authoritie...
- US authorities request Swiss legal assistance in UBS probeU.S. authorities have asked Switzerland to help in their investigation of banking giant UBS AG.
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